First National Bank & Trust Co. of Newtown Sells 105 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by on Apr 16th, 2023

First National Bank & Trust Co. of Newtown trimmed its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,530 shares of the company’s stock after selling 105 shares during the quarter. Procter & Gamble comprises about 1.4% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 14th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Procter & Gamble were worth $6,294,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PG. Axiom Financial Strategies LLC increased its stake in Procter & Gamble by 7.0% during the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after acquiring an additional 113 shares during the last quarter. AMI Investment Management Inc. increased its stake in Procter & Gamble by 7.2% during the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after acquiring an additional 233 shares during the last quarter. LSV Asset Management increased its stake in Procter & Gamble by 5.7% during the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,000 shares during the last quarter. Ergoteles LLC bought a new stake in Procter & Gamble during the first quarter worth approximately $3,073,000. Finally, Wsfs Capital Management LLC increased its stake in Procter & Gamble by 12.0% during the first quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after acquiring an additional 455 shares during the last quarter. 62.13% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $151.00 on Friday. The company has a market capitalization of $356.23 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $164.90. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $143.01 and a 200 day moving average of $142.19.

Procter & Gamble (NYSE:PG – Get Rating) last issued its quarterly earnings data on Thursday, January 19th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.01. The company had revenue of $20.77 billion during the quarter, compared to the consensus estimate of $20.75 billion. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. Procter & Gamble’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 earnings per share. On average, sell-side analysts predict that The Procter & Gamble Company will post 5.84 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 Monday, May 15th. Investors of record on Friday, April 21st will be paid a $0.9407 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Thursday, April 20th. This represents a $3.76 dividend on an annualized basis and a yield of 2.49%. Procter & Gamble’s payout ratio is 64.04%.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $137.34, for a total transaction of $295,418.34. Following the transaction, the chief executive officer now directly owns 226,748 shares of the company’s stock, valued at $31,141,570.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the transaction, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 2,151 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total value of $295,418.34. Following the completion of the transaction, the chief executive officer now directly owns 226,748 shares in the company, valued at $31,141,570.32. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $656,511 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. Raymond James boosted their price objective on Procter & Gamble from $165.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, January 13th. Wells Fargo & Company dropped their target price on Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a research report on Friday, January 20th. Stifel Nicolaus boosted their target price on Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, January 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Procter & Gamble from $156.00 to $160.00 in a research report on Monday, April 10th. Finally, JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $155.00 in a research report on Friday, March 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.13.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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

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