Old North State Trust LLC Has $1.94 Million Stock Position in The Procter & Gamble Company (NYSE:PG)

Old North State Trust LLC cut its position in The Procter & Gamble Company (NYSE:PG) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,176 shares of the company’s stock after selling 141 shares during the quarter. Procter & Gamble accounts for about 1.6% of Old North State Trust LLC’s holdings, making the stock its 10th biggest holding. Old North State Trust LLC’s holdings in Procter & Gamble were worth $1,936,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Procter & Gamble by 10.2% during the third quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company’s stock worth $3,290,573,000 after acquiring an additional 1,760,214 shares during the last quarter. Asset Advisors Investment Management LLC increased its holdings in Procter & Gamble by 0.3% in the third quarter. Asset Advisors Investment Management LLC now owns 50,887 shares of the company’s stock worth $8,814,000 after purchasing an additional 174 shares in the last quarter. Synovus Financial Corp increased its holdings in Procter & Gamble by 3.4% in the third quarter. Synovus Financial Corp now owns 185,134 shares of the company’s stock worth $32,065,000 after purchasing an additional 6,077 shares in the last quarter. Destination Wealth Management grew its stake in Procter & Gamble by 0.7% in the third quarter. Destination Wealth Management now owns 55,058 shares of the company’s stock valued at $9,536,000 after acquiring an additional 392 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Procter & Gamble by 505.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 645,475 shares of the company’s stock valued at $111,796,000 after acquiring an additional 538,889 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $170.86 on Friday. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $180.43. The stock has a market capitalization of $402.38 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 3.69 and a beta of 0.44. The company has a fifty day moving average of $170.69 and a 200-day moving average of $169.51. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.75.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to analysts’ expectations of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. The firm’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.83 EPS. Equities research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 18th were given a dividend of $1.0065 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $4.03 annualized dividend and a yield of 2.36%. Procter & Gamble’s payout ratio is currently 69.48%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 7,007 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $171.65, for a total value of $1,202,751.55. Following the completion of the transaction, the chief executive officer now directly owns 269,172 shares in the company, valued at approximately $46,203,373.80. This represents a 2.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,800 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the completion of the transaction, the insider now owns 11,566 shares of the company’s stock, valued at $1,954,538.34. This trade represents a 52.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,080 shares of company stock valued at $14,629,038 in the last quarter. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research report on Friday, August 23rd. Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research note on Friday, October 4th. Morgan Stanley boosted their target price on shares of Procter & Gamble from $174.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. DZ Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Thursday, August 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $164.00 price target on shares of Procter & Gamble in a research report on Monday, October 21st. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $180.45.

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.