Trust Co. of Vermont Grows Stake in The Procter & Gamble Company (NYSE:PG)

Trust Co. of Vermont raised its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 175,859 shares of the company's stock after acquiring an additional 8,162 shares during the period. Procter & Gamble makes up 1.4% of Trust Co. of Vermont's holdings, making the stock its 14th biggest holding. Trust Co. of Vermont's holdings in Procter & Gamble were worth $29,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in PG. Itau Unibanco Holding S.A. purchased a new stake in Procter & Gamble during the second quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $33,000. Costello Asset Management INC increased its stake in Procter & Gamble by 2,142.9% during the 3rd quarter. Costello Asset Management INC now owns 314 shares of the company's stock worth $54,000 after buying an additional 300 shares during the period. William B. Walkup & Associates Inc. acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $58,000. Finally, Mendota Financial Group LLC boosted its position in Procter & Gamble by 58.0% in the 4th quarter. Mendota Financial Group LLC now owns 376 shares of the company's stock valued at $63,000 after buying an additional 138 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE:PG traded up $0.85 during trading hours on Monday, reaching $161.35. 7,218,206 shares of the company's stock were exchanged, compared to its average volume of 5,628,331. The company has a quick ratio of 0.55, a current ratio of 0.75 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $379.98 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 3.41 and a beta of 0.45. The Procter & Gamble Company has a 1-year low of $146.28 and a 1-year high of $180.43. The company has a 50-day moving average of $169.19 and a 200 day moving average of $169.46.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion for the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business's revenue was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.83 earnings per share. Research analysts anticipate that The Procter & Gamble Company will post 6.93 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 24th will be issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Friday, January 24th. Procter & Gamble's payout ratio is currently 69.48%.

Insider Transactions at Procter & Gamble

In related news, insider Balaji Purushothaman sold 12,800 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now owns 11,566 shares of the company's stock, valued at $1,954,538.34. This represents a 52.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm's stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company's stock, valued at approximately $2,343,110. This trade represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,439 shares of company stock worth $13,317,460 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PG. DA Davidson reiterated a "buy" rating and issued a $209.00 price objective on shares of Procter & Gamble in a research note on Friday, December 27th. Royal Bank of Canada reissued a "sector perform" rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. Barclays reduced their target price on shares of Procter & Gamble from $163.00 to $155.00 and set an "equal weight" rating on the stock in a report on Friday. Piper Sandler began coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They set a "neutral" rating and a $174.00 price target for the company. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $196.00 to $189.00 and set a "buy" rating on the stock in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $179.65.

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.