The Procter & Gamble Company (NYSE:PG) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,359 shares of the company’s stock after selling 1,510 shares during the period. Procter & Gamble comprises about 1.2% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 15th biggest holding. First National Bank & Trust Co. of Newtown’s holdings in Procter & Gamble were worth $5,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PG. Joule Financial LLC increased its holdings in Procter & Gamble by 4.5% in the second quarter. Joule Financial LLC now owns 5,795 shares of the company’s stock valued at $956,000 after buying an additional 250 shares during the last quarter. Heritage Financial Services LLC increased its holdings in shares of Procter & Gamble by 6.8% in the 2nd quarter. Heritage Financial Services LLC now owns 13,773 shares of the company’s stock valued at $2,271,000 after acquiring an additional 876 shares during the last quarter. Traphagen Investment Advisors LLC raised its position in shares of Procter & Gamble by 7.3% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 4,499 shares of the company’s stock valued at $742,000 after acquiring an additional 308 shares in the last quarter. Benin Management CORP lifted its stake in Procter & Gamble by 1.1% during the second quarter. Benin Management CORP now owns 13,545 shares of the company’s stock worth $2,234,000 after purchasing an additional 144 shares during the last quarter. Finally, Inlet Private Wealth LLC boosted its holdings in Procter & Gamble by 3.7% in the second quarter. Inlet Private Wealth LLC now owns 12,043 shares of the company’s stock worth $1,986,000 after purchasing an additional 428 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 8,842 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the transaction, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Procter & Gamble news, insider Susan Street Whaley sold 450 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the completion of the transaction, the insider now directly owns 13,072 shares in the company, valued at $2,212,043.84. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Balaji Purushothaman sold 8,842 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $164.90, for a total transaction of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at approximately $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,259 shares of company stock worth $21,628,393. Corporate insiders own 0.17% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock remained flat at $170.16 on Thursday. 4,097,282 shares of the stock traded hands, compared to its average volume of 6,612,119. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $171.89. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.51. The stock has a market cap of $401.60 billion, a P/E ratio of 27.80, a PEG ratio of 3.64 and a beta of 0.41. The business has a 50 day simple moving average of $167.17 and a 200-day simple moving average of $163.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.03. The firm had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a return on equity of 33.46% and a net margin of 17.71%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $1.37 EPS. On average, equities research analysts predict that The Procter & Gamble Company will post 6.97 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were issued a $1.0065 dividend. This represents a $4.03 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s payout ratio is 65.85%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PG. StockNews.com downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Jefferies Financial Group downgraded Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $175.00 in a research note on Wednesday, July 24th. Stifel Nicolaus increased their price target on Procter & Gamble from $157.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Argus boosted their price objective on Procter & Gamble from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Royal Bank of Canada upped their price objective on Procter & Gamble from $157.00 to $164.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 31st. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.95.

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.