Arrow Financial Corp cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,300 shares of the company’s stock after selling 2,600 shares during the quarter. Procter & Gamble accounts for about 1.2% of Arrow Financial Corp’s holdings, making the stock its 19th biggest holding. Arrow Financial Corp’s holdings in Procter & Gamble were worth $4,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in PG. Asset Planning Services Ltd. raised its stake in shares of Procter & Gamble by 0.4% during the second quarter. Asset Planning Services Ltd. now owns 1,191 shares of the company’s stock worth $104,000 after acquiring an additional 5 shares in the last quarter. Northwest Wealth Management LLC raised its stake in shares of Procter & Gamble by 0.3% during the second quarter. Northwest Wealth Management LLC now owns 2,556 shares of the company’s stock worth $223,000 after acquiring an additional 8 shares in the last quarter. Winfield Associates Inc. raised its stake in shares of Procter & Gamble by 0.7% during the second quarter. Winfield Associates Inc. now owns 2,260 shares of the company’s stock worth $197,000 after acquiring an additional 15 shares in the last quarter. Cascade Investment Advisors Inc. raised its stake in shares of Procter & Gamble by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 3,395 shares of the company’s stock worth $296,000 after acquiring an additional 17 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in shares of Procter & Gamble by 0.3% during the first quarter. RB Capital Management LLC now owns 7,294 shares of the company’s stock worth $655,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 59.42% of the company’s stock.

Procter & Gamble Company (NYSE PG) opened at $91.53 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.75 and a debt-to-equity ratio of 0.37. The stock has a market cap of $232,588.31, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.95 and a beta of 0.67. Procter & Gamble Company has a 1 year low of $83.24 and a 1 year high of $94.67.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 20th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.02. The business had revenue of $16.65 billion for the quarter, compared to the consensus estimate of $16.69 billion. Procter & Gamble had a net margin of 23.72% and a return on equity of 20.35%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. equities research analysts predict that Procter & Gamble Company will post 4.17 earnings per share for the current year.

Several research analysts have commented on PG shares. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Procter & Gamble in a research note on Wednesday, September 6th. Jefferies Group reaffirmed a “buy” rating and issued a $103.00 target price on shares of Procter & Gamble in a research note on Thursday, September 7th. Macquarie began coverage on shares of Procter & Gamble in a research note on Thursday, September 14th. They issued an “outperform” rating and a $102.00 target price on the stock. Vetr raised shares of Procter & Gamble from a “sell” rating to a “hold” rating and set a $93.02 target price on the stock in a research note on Friday, September 15th. Finally, Bank of America lifted their target price on shares of Procter & Gamble from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $88.38.

In other Procter & Gamble news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $89.11, for a total transaction of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $87.00, for a total transaction of $379,581.00. Following the transaction, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,575 shares of company stock worth $1,927,095. Insiders own 0.35% of the company’s stock.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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