Hudson Valley Investment Advisors Inc. ADV Sells 1,596 Shares of The Procter & Gamble Company (NYSE:PG)

Hudson Valley Investment Advisors Inc. ADV lessened its position in The Procter & Gamble Company (NYSE:PG) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,279 shares of the company’s stock after selling 1,596 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Procter & Gamble were worth $3,232,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Legacy Private Trust Co. increased its holdings in Procter & Gamble by 8.6% in the fourth quarter. Legacy Private Trust Co. now owns 14,801 shares of the company’s stock valued at $2,481,000 after purchasing an additional 1,173 shares during the period. First Hawaiian Bank grew its position in shares of Procter & Gamble by 1.8% in the 4th quarter. First Hawaiian Bank now owns 8,426 shares of the company’s stock valued at $1,413,000 after buying an additional 147 shares during the last quarter. InvesTrust acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $6,821,000. Fulton Bank N.A. increased its stake in shares of Procter & Gamble by 1.3% in the fourth quarter. Fulton Bank N.A. now owns 27,630 shares of the company’s stock valued at $4,632,000 after buying an additional 366 shares during the period. Finally, Park National Corp OH raised its position in shares of Procter & Gamble by 7.3% during the fourth quarter. Park National Corp OH now owns 260,399 shares of the company’s stock worth $43,656,000 after acquiring an additional 17,720 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PG. Morgan Stanley increased their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $164.00 price objective on shares of Procter & Gamble in a research report on Monday, October 21st. DA Davidson reissued a “buy” rating and set a $209.00 target price on shares of Procter & Gamble in a research note on Friday, December 27th. Hsbc Global Res raised shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price objective on Procter & Gamble from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.75.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $162.07 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The company has a 50-day moving average price of $169.77 and a 200-day moving average price of $169.64. The stock has a market capitalization of $381.68 billion, a P/E ratio of 27.94, a P/E/G ratio of 3.70 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.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 33.25% and a net margin of 17.07%. The company’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.83 EPS. On average, equities research analysts forecast that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at $7,189,463.68. This trade represents a 54.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total transaction of $338,640.00. Following the completion of the transaction, the chief executive officer now directly owns 13,783 shares in the company, valued at $2,343,110. This trade represents a 12.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,439 shares of company stock worth $13,317,460. Corporate insiders own 0.18% of the company’s stock.

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.