Tompkins Financial Corp Raises Stock Position in Procter & Gamble Company (The) $PG

Tompkins Financial Corp increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,875 shares of the company’s stock after acquiring an additional 5,064 shares during the period. Tompkins Financial Corp’s holdings in Procter & Gamble were worth $7,578,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $25,000. Saranac Partners Ltd bought a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $30,000. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble during the third quarter worth about $32,000. Caitlin John LLC purchased a new position in shares of Procter & Gamble during the third quarter worth about $34,000. Finally, Marquette Asset Management LLC bought a new position in shares of Procter & Gamble in the third quarter worth approximately $37,000. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PG shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, December 8th. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and increased their price target for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Insider Buying and Selling at Procter & Gamble

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the transaction, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 0.3%

Shares of NYSE PG opened at $144.41 on Monday. The stock has a market capitalization of $335.61 billion, a P/E ratio of 21.39, a PEG ratio of 4.82 and a beta of 0.37. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80. The firm’s 50 day simple moving average is $154.07 and its two-hundred day simple moving average is $150.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.52%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.