First County Bank CT Sells 6,960 Shares of The Procter & Gamble Company (NYSE:PG)

First County Bank CT lessened its stake in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 22.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,160 shares of the company's stock after selling 6,960 shares during the period. Procter & Gamble makes up about 2.1% of First County Bank CT's investment portfolio, making the stock its 9th largest holding. First County Bank CT's holdings in Procter & Gamble were worth $4,185,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth $28,000. Fairway Wealth LLC purchased a new position in Procter & Gamble in the 2nd quarter worth about $29,000. POM Investment Strategies LLC bought a new position in Procter & Gamble during the 2nd quarter valued at about $34,000. Quest Partners LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $36,000. Finally, Fairfield Financial Advisors LTD bought a new stake in shares of Procter & Gamble in the second quarter worth approximately $44,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Up 2.0 %

Shares of Procter & Gamble stock traded up $3.53 during trading on Friday, hitting $176.28. The stock had a trading volume of 9,648,452 shares, compared to its average volume of 6,672,229. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 12 month low of $142.50 and a 12 month high of $177.94. The stock has a market cap of $415.15 billion, a PE ratio of 30.48, a PEG ratio of 3.69 and a beta of 0.42. The firm's fifty day simple moving average is $170.00 and its 200-day simple moving average is $168.54.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. During the same period last year, the company earned $1.83 EPS. Procter & Gamble's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 18th were paid a $1.0065 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.28%. Procter & Gamble's dividend payout ratio (DPR) is currently 69.48%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 634 shares of the company's stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $171.65, for a total transaction of $108,826.10. Following the completion of the sale, the insider now owns 19,341 shares in the company, valued at $3,319,882.65. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 37,240 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $168.89, for a total value of $6,289,463.60. Following the completion of the transaction, the chief executive officer now directly owns 263,537 shares of the company's stock, valued at approximately $44,508,763.93. The trade was a 12.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 160,693 shares of company stock worth $27,311,345 in the last ninety days. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on PG. Wolfe Research raised Procter & Gamble to a "strong-buy" rating in a report on Friday, August 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $164.00 price objective on shares of Procter & Gamble in a report on Monday, October 21st. JPMorgan Chase & Co. upped their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an "overweight" rating in a report on Thursday, September 19th. Barclays downgraded shares of Procter & Gamble from an "overweight" rating to an "equal weight" rating and set a $163.00 price target on the stock. in a research report on Monday, September 30th. Finally, Hsbc Global Res upgraded Procter & Gamble to a "strong-buy" rating in a research note on Friday, October 4th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $178.00.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company 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, SK-II, and Native brands.