First County Bank CT Sells 6,042 Shares of The Procter & Gamble Company (NYSE:PG)

First County Bank CT reduced its stake in The Procter & Gamble Company (NYSE:PG - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,602 shares of the company's stock after selling 6,042 shares during the period. Procter & Gamble accounts for 1.3% of First County Bank CT's holdings, making the stock its 18th biggest holding. First County Bank CT's holdings in Procter & Gamble were worth $2,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Navigoe LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $31,000. Hoey Investments Inc. grew its holdings in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after buying an additional 148 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

PG stock traded up $1.36 during mid-day trading on Friday, hitting $169.92. The company had a trading volume of 12,584,837 shares, compared to its average volume of 7,308,668. The firm has a market cap of $398.38 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. 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 Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The stock's fifty day moving average price is $164.35 and its two-hundred day moving average price is $167.40.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company's revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. On average, analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a dividend yield of 2.49%. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is 66.98%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PG shares. Raymond James reduced their price objective on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Citigroup reduced their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a report on Friday, April 25th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $178.52.

Insider Activity

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

Procter & Gamble Profile

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.