Central Bank & Trust Co. Has $3.19 Million Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jun 25th, 2023

Central Bank & Trust Co. reduced its holdings in The Procter & Gamble Company (NYSE:PG – Get Rating) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 21,447 shares of the company’s stock after selling 647 shares during the quarter. Central Bank & Trust Co.’s holdings in Procter & Gamble were worth $3,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PG. Vanguard Group Inc. raised its stake in Procter & Gamble by 1.0% during the third quarter. Vanguard Group Inc. now owns 224,570,227 shares of the company’s stock worth $28,351,991,000 after buying an additional 2,197,165 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Procter & Gamble by 1.1% in the 3rd quarter. BlackRock Inc. now owns 161,904,833 shares of the company’s stock valued at $20,440,487,000 after purchasing an additional 1,811,085 shares during the period. State Street Corp boosted its position in shares of Procter & Gamble by 0.8% during the 3rd quarter. State Street Corp now owns 104,749,256 shares of the company’s stock valued at $13,224,594,000 after purchasing an additional 797,652 shares in the last quarter. Geode Capital Management LLC grew its stake in Procter & Gamble by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 46,243,572 shares of the company’s stock worth $6,997,559,000 after purchasing an additional 323,292 shares during the period. Finally, Morgan Stanley lifted its stake in Procter & Gamble by 12.6% in the fourth quarter. Morgan Stanley now owns 44,320,700 shares of the company’s stock valued at $6,717,246,000 after buying an additional 4,959,527 shares during the period. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PG. UBS Group boosted their target price on shares of Procter & Gamble from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Evercore ISI boosted their target price on Procter & Gamble from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, April 24th. Morgan Stanley increased their price target on Procter & Gamble from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 24th. Royal Bank of Canada boosted their price objective on Procter & Gamble from $160.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, April 24th. Finally, StockNews.com initiated coverage on shares of Procter & Gamble in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.50.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the sale, the chief financial officer now owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Andre Schulten sold 25,244 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $155.27, for a total transaction of $3,919,635.88. Following the completion of the sale, the chief financial officer now owns 27,118 shares in the company, valued at approximately $4,210,611.86. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Balaji Purushothaman sold 12,300 shares of the firm’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $156.33, for a total transaction of $1,922,859.00. Following the completion of the transaction, the insider now directly owns 13,001 shares of the company’s stock, valued at $2,032,446.33. The disclosure for this sale can be found here. Insiders sold a total of 95,093 shares of company stock worth $14,821,930 in the last quarter. Insiders own 0.26% of the company’s stock.

Procter & Gamble Trading Down 1.0 %

NYSE:PG opened at $148.46 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59. The firm has a market cap of $349.92 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 4.13 and a beta of 0.41. The Procter & Gamble Company has a 52 week low of $122.18 and a 52 week high of $158.11. The firm has a 50-day moving average price of $150.63 and a two-hundred day moving average price of $147.41.

Procter & Gamble (NYSE:PG – Get Rating) last posted its quarterly earnings data on Friday, April 21st. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.32 by $0.05. The firm had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.32 billion. Procter & Gamble had a net margin of 17.69% and a return on equity of 32.18%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. On average, equities analysts expect that The Procter & Gamble Company will post 5.86 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, April 21st were paid a $0.9407 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $0.91. The ex-dividend date was Thursday, April 20th. This represents a $3.76 annualized dividend and a yield of 2.53%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

About Procter & Gamble

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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.