Cullen Frost Bankers Inc. Grows Position in Procter & Gamble Company (The) $PG

Cullen Frost Bankers Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 309,801 shares of the company's stock after buying an additional 4,097 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Procter & Gamble were worth $49,358,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. B & T Capital Management DBA Alpha Capital Management increased its position in Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after purchasing an additional 63 shares during the last quarter. Private Management Group Inc. increased its position in Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock worth $236,000 after purchasing an additional 64 shares during the last quarter. Lantz Financial LLC increased its position in Procter & Gamble by 1.2% in the second quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock worth $834,000 after purchasing an additional 64 shares during the last quarter. Orca Investment Management LLC increased its position in Procter & Gamble by 2.0% in the second quarter. Orca Investment Management LLC now owns 3,238 shares of the company's stock worth $516,000 after purchasing an additional 64 shares during the last quarter. Finally, Detalus Advisors LLC increased its position in Procter & Gamble by 0.8% in the first quarter. Detalus Advisors LLC now owns 7,918 shares of the company's stock worth $1,349,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the sale, the chief financial officer directly owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,763 shares of company stock valued at $23,421,279. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PG shares. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research report on Friday, October 10th. BNP Paribas Exane reduced their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Bank of America reduced their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $171.68.

Procter & Gamble Trading Down 0.2%

PG stock opened at $151.61 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43. The stock has a market capitalization of $354.84 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 4.03 and a beta of 0.36. The firm's fifty day simple moving average is $154.79 and its two-hundred day simple moving average is $158.54.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Procter & Gamble Profile

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.

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