CoreFirst Bank & Trust Sells 244 Shares of Procter & Gamble Company (The) (NYSE:PG)

CoreFirst Bank & Trust cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,344 shares of the company’s stock after selling 244 shares during the quarter. Procter & Gamble comprises about 1.5% of CoreFirst Bank & Trust’s holdings, making the stock its 19th largest position. CoreFirst Bank & Trust’s holdings in Procter & Gamble were worth $2,274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Navigoe LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 148 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Finally, 10Elms LLP purchased a new stake in shares of Procter & Gamble in the 4th quarter valued at $34,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of several analyst reports. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an “overweight” rating in a research note on Friday, April 25th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Redburn Atlantic cut shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a report on Thursday, May 1st. Finally, Barclays reiterated an “equal weight” rating on shares of Procter & Gamble in a report on Thursday, March 27th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $178.45.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the completion of the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Trading Down 0.3%

Shares of NYSE:PG opened at $160.72 on Friday. Procter & Gamble Company has a 1 year low of $156.58 and a 1 year high of $180.43. The stock’s fifty day moving average price is $162.10 and its 200-day moving average price is $165.28. The company has a market cap of $376.82 billion, a P/E ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.01. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same quarter last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. Procter & Gamble’s dividend payout ratio is presently 67.14%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and 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.