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

First National Bank of Mount Dora Trust Investment Services cut its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,650 shares of the company’s stock after selling 13,240 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Procter & Gamble were worth $5,564,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. NewSquare Capital LLC increased its position in Procter & Gamble by 933.3% during the 4th quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after buying an additional 140 shares in the last quarter. Navigoe LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Capital A Wealth Management LLC bought a new position in shares of Procter & Gamble during the fourth quarter valued at $31,000. Hoey Investments Inc. boosted its stake in Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble in the 4th quarter worth about $34,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.9%

Shares of PG opened at $162.55 on Tuesday. The Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $381.10 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43. The business’s 50 day moving average is $163.86 and its 200 day moving average is $167.11.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. Research analysts expect 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. Investors of record on Monday, April 21st were issued a $1.0568 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.60%. Procter & Gamble’s dividend payout ratio (DPR) is presently 66.98%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Bank of America cut their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group restated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.86.

Insider Buying and Selling

In other news, 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 transaction, the chief executive officer now owns 51,965 shares of the company’s stock, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.