The Procter & Gamble Company (NYSE:PG) Position Lowered by First County Bank CT

First County Bank CT reduced its stake in The Procter & Gamble Company (NYSE:PG) by 22.4% during the third quarter, HoldingsChannel.com reports. The fund owned 24,160 shares of the company’s stock after selling 6,960 shares during the quarter. Procter & Gamble comprises approximately 2.1% of First County Bank CT’s holdings, making the stock its 9th biggest position. First County Bank CT’s holdings in Procter & Gamble were worth $4,185,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Concorde Asset Management LLC increased its position in Procter & Gamble by 26.6% in the third quarter. Concorde Asset Management LLC now owns 2,125 shares of the company’s stock worth $368,000 after purchasing an additional 446 shares during the last quarter. Activest Wealth Management lifted its stake in shares of Procter & Gamble by 65.6% in the 3rd quarter. Activest Wealth Management now owns 919 shares of the company’s stock valued at $159,000 after purchasing an additional 364 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Procter & Gamble by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,422,470 shares of the company’s stock worth $2,844,442,000 after buying an additional 105,734 shares during the last quarter. L & S Advisors Inc boosted its stake in Procter & Gamble by 9.9% during the third quarter. L & S Advisors Inc now owns 22,998 shares of the company’s stock worth $3,983,000 after buying an additional 2,069 shares during the period. Finally, Pacer Advisors Inc. increased its position in Procter & Gamble by 8.4% during the third quarter. Pacer Advisors Inc. now owns 241,210 shares of the company’s stock valued at $41,778,000 after acquiring an additional 18,618 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 87,979 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $170.40, for a total value of $14,991,621.60. Following the completion of the sale, the chief executive officer now directly owns 300,777 shares in the company, valued at approximately $51,252,400.80. This trade represents a 22.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO R. Alexandra Keith sold 1,992 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $170.00, for a total value of $338,640.00. Following the completion of the sale, the chief executive officer now directly owns 13,783 shares of the company’s stock, valued at approximately $2,343,110. This represents a 12.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 160,693 shares of company stock worth $27,311,345 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Procter & Gamble Stock Up 1.0 %

Shares of NYSE PG opened at $172.68 on Friday. The Procter & Gamble Company has a 12-month low of $142.50 and a 12-month high of $177.94. The stock’s fifty day simple moving average is $170.00 and its two-hundred day simple moving average is $168.54. The stock has a market capitalization of $406.67 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 3.69 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion for 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 firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.83 earnings per share. As a group, analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.33%. Procter & Gamble’s payout ratio is 69.48%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PG. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Thursday, August 29th. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. JPMorgan Chase & Co. upped their target price on Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Morgan Stanley raised their price target on Procter & Gamble from $174.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, Barclays downgraded Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price objective on the stock. in a research report on Monday, September 30th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus price target of $177.00.

About Procter & Gamble

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.