First National Bank & Trust Co. of Newtown Trims Stake in The Procter & Gamble Company (NYSE:PG)

First National Bank & Trust Co. of Newtown trimmed its stake in The Procter & Gamble Company (NYSE:PG) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,467 shares of the company’s stock after selling 803 shares during the period. Procter & Gamble accounts for approximately 1.2% of First National Bank & Trust Co. of Newtown’s holdings, making the stock its 14th largest position. First National Bank & Trust Co. of Newtown’s holdings in Procter & Gamble were worth $5,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Axiom Financial Strategies LLC boosted its holdings in Procter & Gamble by 7.0% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. boosted its holdings in Procter & Gamble by 7.2% in the 1st quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management boosted its holdings in Procter & Gamble by 5.7% in the 1st quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC bought a new position in Procter & Gamble in the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC boosted its holdings in shares of Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock valued at $650,000 after purchasing an additional 455 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PG has been the subject of several research reports. UBS Group increased their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of Procter & Gamble from $156.00 to $157.00 and gave the company a “sector perform” rating in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Procter & Gamble from $170.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Barclays increased their price objective on shares of Procter & Gamble from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.53.

Insider Activity

In other news, insider Marc S. Pritchard sold 101,704 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the transaction, the insider now directly owns 163,428 shares in the company, valued at $25,097,637.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 3,865 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $160.60, for a total value of $620,719.00. Following the completion of the sale, the insider now directly owns 11,886 shares in the company, valued at $1,908,891.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $153.57, for a total transaction of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares of the company’s stock, valued at $25,097,637.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,063 shares of company stock worth $43,187,745. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Trading Down 0.6 %

Procter & Gamble stock traded down $0.89 during midday trading on Friday, reaching $156.40. The stock had a trading volume of 4,995,220 shares, compared to its average volume of 6,837,681. The company has a quick ratio of 0.44, a current ratio of 0.64 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 52-week low of $141.45 and a 52-week high of $163.14. The firm has a market cap of $368.01 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 3.21 and a beta of 0.44. The company has a fifty day moving average of $159.13 and a 200 day moving average of $152.83.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. The business had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a net margin of 17.60% and a return on equity of 34.04%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. On average, analysts anticipate that The Procter & Gamble Company will post 6.45 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Friday, April 19th will be paid a dividend of $1.0065 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 dividend on an annualized basis and a dividend yield of 2.57%. Procter & Gamble’s dividend payout ratio (DPR) is currently 67.34%.

About Procter & Gamble

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.