Arrow Financial Corp decreased its stake in Procter & Gamble Co. (NYSE:PG) by 1.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 59,472 shares of the company’s stock after selling 672 shares during the period. Procter & Gamble Co. accounts for 1.3% of Arrow Financial Corp’s investment portfolio, making the stock its 19th largest position. Arrow Financial Corp’s holdings in Procter & Gamble Co. were worth $5,035,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in PG. First American Trust FSB boosted its stake in Procter & Gamble Co. by 98.5% in the first quarter. First American Trust FSB now owns 76,513 shares of the company’s stock worth $6,297,000 after buying an additional 37,974 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in Procter & Gamble Co. by 3.5% in the first quarter. Stock Yards Bank & Trust Co. now owns 194,465 shares of the company’s stock worth $16,007,000 after buying an additional 6,614 shares during the last quarter. First American Bank boosted its stake in Procter & Gamble Co. by 5.7% in the first quarter. First American Bank now owns 94,234 shares of the company’s stock worth $7,757,000 after buying an additional 5,113 shares during the last quarter. New England Research & Management Inc. boosted its stake in Procter & Gamble Co. by 3.5% in the first quarter. New England Research & Management Inc. now owns 15,644 shares of the company’s stock worth $1,288,000 after buying an additional 530 shares during the last quarter. Finally, Trust Co. of Virginia VA boosted its stake in Procter & Gamble Co. by 5.2% in the first quarter. Trust Co. of Virginia VA now owns 118,894 shares of the company’s stock worth $9,786,000 after buying an additional 5,906 shares during the last quarter. Hedge funds and other institutional investors own 58.73% of the company’s stock.

Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.88% during midday trading on Wednesday, reaching $87.80. The company’s stock had a trading volume of 55,409,813 shares. The stock has a 50-day moving average of $87.27 and a 200 day moving average of $83.97. Procter & Gamble Co. has a 12 month low of $69.74 and a 12 month high of $88.95. The company has a market cap of $234.32 billion, a price-to-earnings ratio of 23.77 and a beta of 0.51.

Procter & Gamble Co. (NYSE:PG) last released its earnings results on Tuesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company earned $16.10 billion during the quarter, compared to the consensus estimate of $15.83 billion. Procter & Gamble Co. had a return on equity of 17.48% and a net margin of 16.09%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, analysts predict that Procter & Gamble Co. will post $0.02 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on PG shares. Atlantic Securities started coverage on Procter & Gamble Co. in a research note on Wednesday, June 1st. They issued a “neutral” rating and a $84.00 target price on the stock. Vetr upgraded Procter & Gamble Co. from a “sell” rating to a “strong-buy” rating and set a $91.97 target price on the stock in a research note on Wednesday, June 1st. Jefferies Group started coverage on Procter & Gamble Co. in a research note on Wednesday, June 15th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research cut Procter & Gamble Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $88.00 target price (up from $81.00) on shares of Procter & Gamble Co. in a research note on Friday, July 15th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $89.58.

In related news, CFO Jon R. Moeller sold 272,591 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $85.94, for a total value of $23,426,470.54. Following the completion of the sale, the chief financial officer now owns 164,269 shares in the company, valued at $14,117,277.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Juan Fernando Posada sold 10,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $88.58, for a total value of $885,800.00. Following the completion of the sale, the insider now owns 26,452 shares of the company’s stock, valued at approximately $2,343,118.16. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Procter & Gamble Co. Company Profile

The Procter & Gamble Company (P&G) provides consumer packaged goods. The Company operates in five segments under GBUs: Beauty, which offers a range of products ranging from deodorants to cosmetics to skin care; Grooming, which includes blades, razors and electronic hair removal devices, such as electric razors and epilators; Health Care, which includes oral care and personal health care products.; Fabric Care and Home Care, which consists of a range of fabric care products, home care products and batteries, and Baby Feminine and Family Care, which offers diapers, pants, baby wipe, Bounty paper, towel and Charmin toilet paper brands.

5 Day Chart for NYSE:PG

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