Ledyard National Bank Has $15.70 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Ledyard National Bank increased its stake in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,667 shares of the company’s stock after buying an additional 1,797 shares during the quarter. Procter & Gamble makes up 1.4% of Ledyard National Bank’s holdings, making the stock its 17th biggest position. Ledyard National Bank’s holdings in Procter & Gamble were worth $15,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PG. Lloyd Advisory Services LLC. raised its stake in Procter & Gamble by 493.1% in the 1st quarter. Lloyd Advisory Services LLC. now owns 10,990 shares of the company’s stock valued at $1,783,000 after acquiring an additional 9,137 shares during the period. Traynor Capital Management Inc. lifted its holdings in Procter & Gamble by 15.9% during the 1st quarter. Traynor Capital Management Inc. now owns 6,046 shares of the company’s stock valued at $981,000 after purchasing an additional 830 shares during the last quarter. Southland Equity Partners LLC lifted its holdings in Procter & Gamble by 12.5% during the 1st quarter. Southland Equity Partners LLC now owns 36,858 shares of the company’s stock valued at $5,980,000 after purchasing an additional 4,087 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in Procter & Gamble during the 1st quarter valued at $27,383,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in Procter & Gamble by 124.6% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 878 shares of the company’s stock valued at $142,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Citigroup lifted their target price on Procter & Gamble from $177.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Procter & Gamble from $171.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus lifted their target price on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a report on Monday. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $177.00.

Procter & Gamble Trading Down 1.0 %

Shares of Procter & Gamble stock opened at $169.56 on Tuesday. The stock has a fifty day simple moving average of $171.82 and a 200 day simple moving average of $167.33. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The company has a market capitalization of $400.18 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 3.74 and a beta of 0.41. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The business had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. Procter & Gamble’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.83 earnings per share. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 18th will be paid a $1.0065 dividend. The ex-dividend date is Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.69%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 3,373 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total value of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at $3,657,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO R. Alexandra Keith sold 3,373 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $170.00, for a total transaction of $573,410.00. Following the completion of the transaction, the chief executive officer now owns 21,513 shares in the company, valued at approximately $3,657,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 634 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total value of $108,826.10. Following the transaction, the insider now owns 19,341 shares of the company’s stock, valued at $3,319,882.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 383,194 shares of company stock worth $65,140,718 in the last quarter. 0.17% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.