Trust Co. of Vermont Acquires 2,184 Shares of Procter & Gamble Company (The) (NYSE:PG)

Trust Co. of Vermont boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,043 shares of the company's stock after purchasing an additional 2,184 shares during the quarter. Procter & Gamble comprises approximately 1.5% of Trust Co. of Vermont's holdings, making the stock its 12th largest position. Trust Co. of Vermont's holdings in Procter & Gamble were worth $30,342,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. Brighton Jones LLC raised its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Procter & Gamble by 9.8% in the 4th quarter. NewEdge Wealth LLC now owns 71,843 shares of the company's stock worth $12,044,000 after buying an additional 6,432 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Procter & Gamble in the 4th quarter worth approximately $147,000. Finally, Cable Hill Partners LLC raised its holdings in shares of Procter & Gamble by 516.2% in the 4th quarter. Cable Hill Partners LLC now owns 12,602 shares of the company's stock worth $2,113,000 after buying an additional 10,557 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of Procter & Gamble stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. The trade was a 29.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. Evercore ISI reissued an "outperform" rating and issued a $190.00 target price (up from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Raymond James Financial dropped their target price on Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $178.45.

Procter & Gamble Stock Performance

PG stock opened at $158.73 on Friday. The business's 50-day moving average price is $162.65 and its two-hundred day moving average price is $165.74. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market cap of $372.14 billion, a PE ratio of 25.19, a P/E/G ratio of 4.69 and a beta of 0.43. Procter & Gamble Company has a 1-year low of $156.58 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were paid a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.66%. Procter & Gamble's dividend payout ratio (DPR) is currently 67.14%.

Procter & Gamble Profile

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.

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