Citizens Business Bank Boosts Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Citizens Business Bank increased its position in shares of The Procter & Gamble Company (NYSE:PG - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,312 shares of the company's stock after buying an additional 2,581 shares during the quarter. Citizens Business Bank's holdings in Procter & Gamble were worth $1,394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PG. Cladis Investment Advisory LLC grew its holdings in shares of Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares during the last quarter. Clark Capital Management Group Inc. lifted its position in Procter & Gamble by 1.3% in the 4th quarter. Clark Capital Management Group Inc. now owns 448,981 shares of the company's stock valued at $75,272,000 after acquiring an additional 5,746 shares in the last quarter. Clarity Asset Management Inc. acquired a new position in Procter & Gamble during the 4th quarter valued at about $92,000. Eagle Global Advisors LLC increased its holdings in Procter & Gamble by 758.7% during the 4th quarter. Eagle Global Advisors LLC now owns 50,999 shares of the company's stock worth $8,550,000 after purchasing an additional 45,060 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 3.1% in the fourth quarter. EP Wealth Advisors LLC now owns 106,587 shares of the company's stock valued at $17,869,000 after purchasing an additional 3,163 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PG shares. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. DA Davidson restated a "buy" rating and set a $209.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, Truist Financial reduced their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $178.52.

Procter & Gamble Stock Performance

PG stock traded down $0.92 during midday trading on Friday, reaching $157.73. 6,450,866 shares of the company's stock traded hands, compared to its average volume of 7,201,672. The firm has a market capitalization of $369.80 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.41. The company has a 50-day moving average price of $165.92 and a two-hundred day moving average price of $167.56. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, April 21st will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Monday, April 21st. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's dividend payout ratio is 66.98%.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider now owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. The trade was a 29.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 18,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the sale, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. This represents a 44.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 64,520 shares of company stock worth $10,999,268 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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