Sabal Trust CO Acquires 1,185 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 16th, 2023

Sabal Trust CO lifted its position in The Procter & Gamble Company (NYSE:PG – Free Report) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,598 shares of the company’s stock after purchasing an additional 1,185 shares during the quarter. Procter & Gamble accounts for 1.9% of Sabal Trust CO’s portfolio, making the stock its 26th largest position. Sabal Trust CO’s holdings in Procter & Gamble were worth $27,299,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PG. EWG Elevate Inc. acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $26,000. Silicon Valley Capital Partners acquired a new position in Procter & Gamble during the fourth quarter worth $28,000. IAG Wealth Partners LLC raised its stake in Procter & Gamble by 58.8% during the first quarter. IAG Wealth Partners LLC now owns 243 shares of the company’s stock worth $36,000 after acquiring an additional 90 shares in the last quarter. Luken Investment Analytics LLC acquired a new position in Procter & Gamble during the fourth quarter worth $37,000. Finally, Bourgeon Capital Management LLC raised its stake in Procter & Gamble by 39.9% during the fourth quarter. Bourgeon Capital Management LLC now owns 249 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. 64.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PG shares. Truist Financial lowered Procter & Gamble from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $165.00 to $155.00 in a research note on Thursday, May 18th. Barclays increased their target price on Procter & Gamble from $160.00 to $167.00 in a report on Wednesday, April 26th. UBS Group increased their target price on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Raymond James increased their target price on Procter & Gamble from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Sunday, April 23rd. Finally, StockNews.com began coverage on Procter & Gamble in a report on Thursday, May 18th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.50.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 4,852 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the sale, the insider now owns 7,977 shares of the company’s stock, valued at $1,240,184.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Susan Street Whaley sold 4,852 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total value of $754,340.44. Following the sale, the insider now owns 7,977 shares of the company’s stock, valued at approximately $1,240,184.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 31,000 shares of Procter & Gamble stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $156.03, for a total value of $4,836,930.00. Following the completion of the sale, the chief operating officer now directly owns 10,014 shares in the company, valued at approximately $1,562,484.42. The disclosure for this sale can be found here. Insiders have sold a total of 95,093 shares of company stock valued at $14,821,930 over the last 90 days. 0.26% of the stock is owned by company insiders.

Procter & Gamble Price Performance

Shares of PG opened at $150.05 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. The Procter & Gamble Company has a 1 year low of $122.18 and a 1 year high of $158.11. The stock has a market cap of $353.66 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.83 and a beta of 0.42. The stock’s 50-day moving average price is $149.25 and its two-hundred day moving average price is $147.25.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Friday, April 21st. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.05. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The firm had revenue of $20.07 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter last year, the business earned $1.33 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that The Procter & Gamble Company will post 5.86 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, July 21st will be given a dividend of $0.9407 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, July 20th. Procter & Gamble’s dividend payout ratio is currently 65.51%.

About Procter & Gamble

(Free Report)

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.