First National Corp MA ADV Has $972,000 Stock Holdings in The Procter & Gamble Company (NYSE:PG)

First National Corp MA ADV increased its holdings in The Procter & Gamble Company (NYSE:PG) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,702 shares of the company’s stock after purchasing an additional 87 shares during the period. First National Corp MA ADV’s holdings in Procter & Gamble were worth $972,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PG. Norges Bank acquired a new position in Procter & Gamble in the fourth quarter worth about $5,244,463,000. GAMMA Investing LLC increased its holdings in shares of Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock worth $1,355,087,000 after buying an additional 7,913,335 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Procter & Gamble by 1,195.1% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company’s stock worth $580,596,000 after buying an additional 2,973,757 shares in the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Procter & Gamble by 62.5% during the fourth quarter. Capital Research Global Investors now owns 7,398,120 shares of the company’s stock worth $1,240,294,000 after buying an additional 2,846,560 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Piper Sandler raised their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Royal Bank of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $164.00 to $177.00 in a report on Friday, April 25th. Redburn Atlantic lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective for the company. in a report on Thursday, May 1st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.86.

Insider Transactions at Procter & Gamble

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

Procter & Gamble Price Performance

Shares of PG stock opened at $164.01 on Friday. The Procter & Gamble Company has a 52-week low of $156.58 and a 52-week high of $180.43. The stock has a market cap of $384.53 billion, a PE ratio of 26.12, a PEG ratio of 3.76 and a beta of 0.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s 50 day moving average price is $164.01 and its two-hundred day moving average price is $167.27.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm had revenue of $19.78 billion for the quarter, compared to analysts’ expectations of $20.42 billion. During the same period last year, the firm earned $1.52 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts forecast that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.58%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio (DPR) is currently 66.98%.

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.