Tompkins Financial Corp Purchases 5,064 Shares of Procter & Gamble Company (The) $PG

Tompkins Financial Corp boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 10.6% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth about $25,000. Saranac Partners Ltd purchased a new position in Procter & Gamble during the 3rd quarter valued at about $30,000. Corundum Trust Company INC bought a new position in Procter & Gamble during the 3rd quarter valued at approximately $32,000. Caitlin John LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $34,000. Finally, Marquette Asset Management LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.3%

NYSE PG opened at $144.41 on Monday. The firm has a market capitalization of $335.61 billion, a PE ratio of 21.39, a P/E/G ratio of 4.82 and a beta of 0.37. The stock’s 50 day moving average is $154.07 and its 200 day moving average is $150.63. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $174.80. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $165.29, for a total transaction of $917,194.21. Following the transaction, the chief executive officer directly owned 1,029 shares of the company’s stock, valued at $170,083.41. This represents a 84.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PG shares. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. UBS Group lifted their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. BNP Paribas Exane reduced their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Rothschild & Co Redburn upped their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Company Profile

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.