NBT Bank N A NY Sells 2,783 Shares of The Procter & Gamble Company (NYSE:PG)

NBT Bank N A NY cut its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,064 shares of the company’s stock after selling 2,783 shares during the period. Procter & Gamble makes up 2.0% of NBT Bank N A NY’s holdings, making the stock its 7th largest position. NBT Bank N A NY’s holdings in Procter & Gamble were worth $13,802,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 1.0% in the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after buying an additional 2,197,165 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock worth $20,440,487,000 after buying an additional 1,811,085 shares during the last quarter. State Street Corp boosted its stake in shares of Procter & Gamble by 0.8% in the third quarter. State Street Corp now owns 104,749,256 shares of the company’s stock worth $13,224,594,000 after buying an additional 797,652 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Procter & Gamble by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,938,327 shares of the company’s stock worth $2,435,377,000 after buying an additional 228,272 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Procter & Gamble by 5.9% in the fourth quarter. Franklin Resources Inc. now owns 9,481,523 shares of the company’s stock worth $1,437,020,000 after buying an additional 528,937 shares during the last quarter. 62.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total transaction of $4,836,930.00. Following the completion of the sale, the chief operating officer now owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Andre Schulten sold 1,311 shares of the firm’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the transaction, the chief financial officer now directly owns 35,142 shares in the company, valued at $4,826,402.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Shailesh Jejurikar sold 31,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $156.03, for a total value of $4,836,930.00. Following the transaction, the chief operating officer now owns 10,014 shares of the company’s stock, valued at $1,562,484.42. The disclosure for this sale can be found here. Insiders sold a total of 99,424 shares of company stock valued at $15,416,750 over the last quarter. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Morgan Stanley upped their target price on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, April 24th. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lowered their price target for the stock from $165.00 to $155.00 in a research report on Thursday, May 18th. StockNews.com assumed coverage on Procter & Gamble in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Finally, Evercore ISI increased their price target on Procter & Gamble from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, April 24th. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.50.

Procter & Gamble Price Performance

Shares of NYSE:PG traded down $0.21 during midday trading on Friday, hitting $145.18. The company had a trading volume of 2,588,209 shares, compared to its average volume of 6,387,253. The Procter & Gamble Company has a twelve month low of $122.18 and a twelve month high of $158.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.59 and a quick ratio of 0.39. The stock has a market cap of $342.18 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 4.07 and a beta of 0.41. The business’s 50-day simple moving average is $151.37 and its 200-day simple moving average is $147.02.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings results on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The firm had revenue of $20.07 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts predict that The Procter & Gamble Company will post 5.86 earnings per share for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a dividend of $0.9407 per share. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. This represents a $3.76 annualized dividend and a yield of 2.59%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.