The Procter & Gamble Company (NYSE:PG) Shares Acquired by First Citizens Bank & Trust Co.

Posted by on Apr 5th, 2023

First Citizens Bank & Trust Co. boosted its position in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,475 shares of the company’s stock after purchasing an additional 1,266 shares during the period. First Citizens Bank & Trust Co.’s holdings in Procter & Gamble were worth $9,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Price T Rowe Associates Inc. MD lifted its position in Procter & Gamble by 22.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,567,690 shares of the company’s stock valued at $2,382,268,000 after purchasing an additional 3,054,844 shares during the period. Vanguard Group Inc. increased its holdings in Procter & Gamble by 1.0% in the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock valued at $28,351,991,000 after buying an additional 2,197,165 shares in the last quarter. BlackRock Inc. increased its holdings in Procter & Gamble by 1.1% in the third quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after buying an additional 1,811,085 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Procter & Gamble by 108.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,339,628 shares of the company’s stock valued at $421,628,000 after buying an additional 1,737,742 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in Procter & Gamble by 431.3% in the third quarter. Two Sigma Advisers LP now owns 1,542,800 shares of the company’s stock valued at $194,779,000 after buying an additional 1,252,400 shares in the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

Procter & Gamble Stock Up 0.5 %

Shares of NYSE PG opened at $150.23 on Wednesday. The Procter & Gamble Company has a 52-week low of $122.18 and a 52-week high of $164.90. The firm has a fifty day moving average of $141.48 and a 200-day moving average of $141.36. The stock has a market capitalization of $354.41 billion, a PE ratio of 26.36, a P/E/G ratio of 4.15 and a beta of 0.41. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG – Get Rating) last announced its quarterly earnings data on Thursday, January 19th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.01. Procter & Gamble had a net margin of 17.79% and a return on equity of 32.03%. The company had revenue of $20.77 billion during the quarter, compared to analysts’ expectations of $20.75 billion. During the same period in the previous year, the company earned $1.66 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that The Procter & Gamble Company will post 5.84 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Friday, January 20th were paid a dividend of $0.9133 per share. The ex-dividend date was Thursday, January 19th. This represents a $3.65 annualized dividend and a dividend yield of 2.43%. Procter & Gamble’s dividend payout ratio is presently 64.04%.

Insider Activity

In related news, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $141.82, for a total transaction of $61,691.70. Following the completion of the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at approximately $1,537,328.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Andre Schulten sold 1,311 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $137.34, for a total transaction of $180,052.74. Following the completion of the sale, the chief financial officer now directly owns 35,142 shares of the company’s stock, valued at approximately $4,826,402.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 435 shares of the company’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $141.82, for a total transaction of $61,691.70. Following the sale, the insider now directly owns 10,840 shares of the company’s stock, valued at $1,537,328.80. The disclosure for this sale can be found here. Insiders sold 4,766 shares of company stock valued at $656,511 in the last ninety days. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $168.00 to $162.00 and set an “overweight” rating for the company in a report on Friday, January 20th. Stifel Nicolaus increased their target price on shares of Procter & Gamble from $139.00 to $147.00 and gave the company a “hold” rating in a report on Friday, January 20th. Raymond James increased their target price on shares of Procter & Gamble from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, January 13th. UBS Group raised shares of Procter & Gamble from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $157.00 to $163.00 in a research note on Wednesday, March 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Procter & Gamble from $162.00 to $156.00 in a research note on Monday, March 20th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.27.

Procter & Gamble Company Profile

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Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & 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.

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

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