First National Bank of Mount Dora Trust Investment Services Lowers Stock Holdings in The Procter & Gamble Company (NYSE:PG)

First National Bank of Mount Dora Trust Investment Services cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,252 shares of the company’s stock after selling 1,562 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in The Procter & Gamble were worth $3,826,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. OLD Mission Capital LLC bought a new stake in shares of The Procter & Gamble in the 3rd quarter valued at about $349,000. Global Trust Asset Management LLC lifted its stake in shares of The Procter & Gamble by 2.3% during the 3rd quarter. Global Trust Asset Management LLC now owns 8,115 shares of the company’s stock worth $1,130,000 after purchasing an additional 183 shares during the last quarter. Te Ahumairangi Investment Management Ltd bought a new stake in The Procter & Gamble during the third quarter valued at about $9,755,000. Colony Group LLC grew its stake in The Procter & Gamble by 1.3% in the third quarter. Colony Group LLC now owns 251,653 shares of the company’s stock valued at $34,977,000 after purchasing an additional 3,214 shares during the last quarter. Finally, BCJ Capital Management LLC raised its holdings in The Procter & Gamble by 22.2% in the third quarter. BCJ Capital Management LLC now owns 6,443 shares of the company’s stock worth $896,000 after purchasing an additional 1,172 shares in the last quarter. Hedge funds and other institutional investors own 63.05% of the company’s stock.

In related news, insider Marc S. Pritchard sold 95,163 shares of the company’s stock in a transaction dated Thursday, January 21st. The shares were sold at an average price of $130.65, for a total transaction of $12,433,045.95. Following the completion of the sale, the insider now owns 224,749 shares of the company’s stock, valued at approximately $29,363,456.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nelson Peltz sold 408,880 shares of the firm’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $128.71, for a total transaction of $52,626,944.80. Following the completion of the transaction, the director now directly owns 5,357 shares in the company, valued at $689,499.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 629,838 shares of company stock worth $81,120,667. 0.70% of the stock is currently owned by insiders.

NYSE:PG traded up $0.60 during trading hours on Thursday, reaching $137.34. The company had a trading volume of 23,872 shares, compared to its average volume of 8,402,357. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.87 and a quick ratio of 0.68. The firm has a market cap of $338.20 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 3.25 and a beta of 0.38. The business’s 50 day moving average price is $129.24 and its 200-day moving average price is $135.38. The Procter & Gamble Company has a 1-year low of $111.25 and a 1-year high of $146.92.

The Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, January 19th. The company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.13. The firm had revenue of $19.75 billion for the quarter, compared to analysts’ expectations of $19.23 billion. The Procter & Gamble had a return on equity of 30.69% and a net margin of 18.92%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned $1.42 EPS. On average, analysts expect that The Procter & Gamble Company will post 5.59 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Investors of record on Friday, January 22nd were paid a $0.7907 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Thursday, January 21st. The Procter & Gamble’s dividend payout ratio is presently 61.72%.

Several research analysts recently commented on PG shares. Independent Research upgraded shares of The Procter & Gamble from a “hold” rating to a “buy” rating and set a $149.00 price objective for the company in a research note on Friday, January 22nd. Stifel Nicolaus lowered shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $141.00 price objective for the company. in a research report on Thursday, January 28th. Sanford C. Bernstein assumed coverage on shares of The Procter & Gamble in a research note on Tuesday, January 19th. They issued a “market perform” rating and a $149.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price target on shares of The Procter & Gamble from $156.00 to $159.00 and gave the company a “buy” rating in a research note on Wednesday, January 13th. Finally, Zacks Investment Research downgraded shares of The Procter & Gamble from a “buy” rating to a “hold” rating and set a $139.00 price objective for the company. in a research note on Thursday, January 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $148.53.

The Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. It operates in five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

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

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