First American Trust FSB Buys 77 Shares of The Procter & Gamble Company (NYSE:PG)

Posted by Defense World Staff on Jul 16th, 2023

First American Trust FSB grew its stake in The Procter & Gamble Company (NYSE:PG – Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,091 shares of the company’s stock after purchasing an additional 77 shares during the period. First American Trust FSB’s holdings in Procter & Gamble were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Axiom Financial Strategies LLC raised its holdings in shares of Procter & Gamble by 7.0% in the first quarter. Axiom Financial Strategies LLC now owns 1,728 shares of the company’s stock worth $276,000 after buying an additional 113 shares during the period. AMI Investment Management Inc. raised its holdings in shares of Procter & Gamble by 7.2% in the first quarter. AMI Investment Management Inc. now owns 3,461 shares of the company’s stock worth $529,000 after buying an additional 233 shares during the period. LSV Asset Management raised its holdings in shares of Procter & Gamble by 5.7% in the first quarter. LSV Asset Management now owns 18,600 shares of the company’s stock worth $2,842,000 after buying an additional 1,000 shares during the period. Ergoteles LLC purchased a new position in Procter & Gamble during the 1st quarter worth $3,073,000. Finally, Wsfs Capital Management LLC increased its holdings in Procter & Gamble by 12.0% during the 1st quarter. Wsfs Capital Management LLC now owns 4,256 shares of the company’s stock worth $650,000 after purchasing an additional 455 shares during the period. 64.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $165.00 to $155.00 in a report on Thursday, May 18th. Royal Bank of Canada raised their price objective on Procter & Gamble from $160.00 to $165.00 and gave the stock a “sector perform” rating in a report on Monday, April 24th. UBS Group raised their price objective on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Morgan Stanley lifted their price target on Procter & Gamble from $160.00 to $174.00 and gave the company an “overweight” rating in a report on Monday, April 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Procter & Gamble from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, April 24th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.50.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 25,244 shares of Procter & Gamble stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $155.27, for a total value of $3,919,635.88. Following the completion of the transaction, 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 through the SEC website. In other Procter & Gamble news, insider Susan Street Whaley sold 4,852 shares of the business’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $155.47, for a total transaction of $754,340.44. Following the completion of the sale, the insider now directly owns 7,977 shares in the company, valued at approximately $1,240,184.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Andre Schulten sold 25,244 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $155.27, for a total value of $3,919,635.88. Following the sale, the chief financial officer now owns 27,118 shares of the company’s stock, valued at $4,210,611.86. 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 90 days. Corporate insiders own 0.26% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $150.05 on Friday. The stock has a 50-day simple moving average of $149.25 and a two-hundred day simple moving average of $147.25. The firm has a market capitalization of $353.66 billion, a P/E ratio of 26.14, a PEG ratio of 3.83 and a beta of 0.42. The Procter & Gamble Company has a fifty-two week low of $122.18 and a fifty-two week high of $158.11. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.39 and a current ratio of 0.59.

Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings data on Friday, April 21st. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The business had revenue of $20.07 billion during the quarter, compared to analyst estimates of $19.32 billion. Procter & Gamble had a return on equity of 32.18% and a net margin of 17.69%. The company’s revenue 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 forecast 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. Investors of record on Friday, July 21st will be paid a $0.9407 dividend. The ex-dividend date is Thursday, July 20th. This represents a $3.76 annualized dividend and a dividend yield of 2.51%. Procter & Gamble’s dividend payout ratio is presently 65.51%.

Procter & Gamble Profile

(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.