Hanson & Doremus Investment Management Raises Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Hanson & Doremus Investment Management raised its position in shares of The Procter & Gamble Company (NYSE:PG) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,932 shares of the company’s stock after acquiring an additional 1,183 shares during the period. Hanson & Doremus Investment Management’s holdings in Procter & Gamble were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Anchor Investment Management LLC increased its position in shares of Procter & Gamble by 9.7% during the 2nd quarter. Anchor Investment Management LLC now owns 61,227 shares of the company’s stock valued at $10,098,000 after purchasing an additional 5,402 shares during the last quarter. Mattson Financial Services LLC bought a new position in Procter & Gamble in the 2nd quarter valued at $3,312,000. Global Wealth Strategies & Associates grew its position in Procter & Gamble by 11.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 937 shares of the company’s stock valued at $162,000 after acquiring an additional 93 shares during the last quarter. Bridge Advisory LLC bought a new position in Procter & Gamble in the 3rd quarter valued at $200,000. Finally, M&R Capital Management Inc. grew its position in Procter & Gamble by 0.5% in the 3rd quarter. M&R Capital Management Inc. now owns 14,323 shares of the company’s stock valued at $2,481,000 after acquiring an additional 67 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 0.7 %

Shares of NYSE:PG opened at $167.43 on Friday. The Procter & Gamble Company has a 52-week low of $153.52 and a 52-week high of $180.43. The stock has a market cap of $394.31 billion, a price-to-earnings ratio of 26.66, a PEG ratio of 3.69 and a beta of 0.45. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $168.65 and a 200-day moving average price of $169.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.88% and a net margin of 18.35%. The firm had revenue of $21.88 billion during the quarter, compared to analysts’ expectations of $21.66 billion. During the same period last year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be paid a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble’s payout ratio is 64.17%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 90,450 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the sale, the insider now directly owns 172,814 shares of the company’s stock, valued at $28,313,845.76. This trade represents a 34.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 12,800 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $172.73, for a total value of $2,210,944.00. Following the sale, the insider now directly owns 11,595 shares in the company, valued at approximately $2,002,804.35. This trade represents a 52.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 151,097 shares of company stock valued at $25,635,076 over the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PG shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $164.00 price objective on shares of Procter & Gamble in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price target on Procter & Gamble from $176.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Stifel Nicolaus increased their price target on Procter & Gamble from $161.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Morgan Stanley increased their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Hsbc Global Res raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $180.53.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.