Community Bank N.A. Reduces Position in The Procter & Gamble Company (NYSE:PG)

Community Bank N.A. cut its stake in shares of The Procter & Gamble Company (NYSE:PG) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,159 shares of the company’s stock after selling 1,405 shares during the quarter. Procter & Gamble comprises approximately 1.2% of Community Bank N.A.’s investment portfolio, making the stock its 16th biggest holding. Community Bank N.A.’s holdings in Procter & Gamble were worth $8,816,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PG. Wyrmwood Management LLC purchased a new stake in Procter & Gamble in the fourth quarter valued at $29,000. Naples Money Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $29,000. Criterion Capital Advisors LLC acquired a new position in shares of Procter & Gamble in the fourth quarter worth about $33,000. Mendota Financial Group LLC raised its position in shares of Procter & Gamble by 636.6% in the fourth quarter. Mendota Financial Group LLC now owns 302 shares of the company’s stock worth $44,000 after acquiring an additional 261 shares during the period. Finally, Morton Brown Family Wealth LLC raised its position in shares of Procter & Gamble by 206.6% in the fourth quarter. Morton Brown Family Wealth LLC now owns 417 shares of the company’s stock worth $61,000 after acquiring an additional 281 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.7 %

Shares of PG traded up $1.08 during midday trading on Wednesday, reaching $162.58. The stock had a trading volume of 7,216,558 shares, compared to its average volume of 6,971,658. The Procter & Gamble Company has a 1-year low of $141.45 and a 1-year high of $163.14. The company’s fifty day simple moving average is $159.46 and its two-hundred day simple moving average is $153.32. The company has a market cap of $383.71 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.23 and a beta of 0.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.43 billion. During the same period last year, the business earned $1.37 EPS. Procter & Gamble’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts expect that The Procter & Gamble Company will post 6.54 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th will be given a dividend of $1.0065 per share. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is presently 65.85%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James upped their price target on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Stifel Nicolaus upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. The Goldman Sachs Group assumed coverage on shares of Procter & Gamble in a research report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 18th. Finally, UBS Group increased their price objective on shares of Procter & Gamble from $172.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.88.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 31,275 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $154.90, for a total value of $4,844,497.50. Following the sale, the chief operating officer now owns 9,623 shares of the company’s stock, valued at $1,490,602.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Shailesh Jejurikar sold 31,275 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $154.90, for a total transaction of $4,844,497.50. Following the transaction, the chief operating officer now owns 9,623 shares of the company’s stock, valued at $1,490,602.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the transaction, the chief executive officer now directly owns 973 shares in the company, valued at approximately $151,788. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,140 shares of company stock worth $20,873,777. 0.17% of the stock is owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It 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, and SK-II brands.