First Community Trust NA Sells 76 Shares of The Procter & Gamble Company (NYSE:PG)

First Community Trust NA cut its position in shares of The Procter & Gamble Company (NYSE:PG) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,817 shares of the company’s stock after selling 76 shares during the quarter. Procter & Gamble makes up 4.1% of First Community Trust NA’s investment portfolio, making the stock its 5th largest position. First Community Trust NA’s holdings in Procter & Gamble were worth $4,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ferguson Shapiro LLC purchased a new position in Procter & Gamble during the first quarter worth about $222,000. Johnson & White Wealth Management LLC increased its stake in shares of Procter & Gamble by 5.6% during the 1st quarter. Johnson & White Wealth Management LLC now owns 5,058 shares of the company’s stock valued at $821,000 after acquiring an additional 266 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Procter & Gamble by 5.7% during the 1st quarter. CVA Family Office LLC now owns 9,570 shares of the company’s stock worth $1,553,000 after acquiring an additional 519 shares during the period. Triangle Securities Wealth Management boosted its position in shares of Procter & Gamble by 3.5% in the first quarter. Triangle Securities Wealth Management now owns 15,947 shares of the company’s stock worth $2,587,000 after acquiring an additional 540 shares during the last quarter. Finally, Fragasso Group Inc. grew its holdings in Procter & Gamble by 1.9% in the first quarter. Fragasso Group Inc. now owns 11,143 shares of the company’s stock valued at $1,808,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $158.50, for a total transaction of $135,517.50. Following the transaction, the chief executive officer now owns 4,004 shares of the company’s stock, valued at approximately $634,634. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the sale, the chief executive officer now directly owns 4,004 shares of the company’s stock, valued at $634,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 21,388 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $164.98, for a total transaction of $3,528,592.24. Following the completion of the transaction, the chief executive officer now owns 36,854 shares in the company, valued at $6,080,172.92. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock valued at $25,413,051 over the last three months. 0.17% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PG. The Goldman Sachs Group started coverage on shares of Procter & Gamble in a report on Friday, March 1st. They issued a “neutral” rating and a $168.00 price target on the stock. Barclays lifted their target price on Procter & Gamble from $168.00 to $170.00 and gave the company an “overweight” rating in a report on Tuesday, April 23rd. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, June 17th. Jefferies Financial Group raised their price objective on Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Truist Financial upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their target price for the stock from $160.00 to $175.00 in a report on Monday, March 11th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $169.76.

Procter & Gamble Trading Up 0.4 %

NYSE:PG opened at $168.26 on Friday. The stock has a market cap of $397.12 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The Procter & Gamble Company has a one year low of $141.45 and a one year high of $168.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.48 and a current ratio of 0.69. The business’s 50-day simple moving average is $164.59 and its 200 day simple moving average is $158.09.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, April 19th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Friday, April 19th were paid a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.39%. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is 65.85%.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.