First American Bank Increases Position in Procter & Gamble Company (The) $PG

Key Points

• First American Bank increased its position in Procter & Gamble by 2.9%, acquiring an additional 3,867 shares, bringing its total holdings to 138,139 shares worth approximately $22 million.
• Procter & Gamble reported earnings of $1.48 EPS for the last quarter, surpassing analysts' expectations and showing a year-over-year revenue increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share, representing an annual yield of 2.8% and maintaining a dividend payout ratio of 64.82%.

First American Bank raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,139 shares of the company's stock after purchasing an additional 3,867 shares during the period. Procter & Gamble accounts for 1.5% of First American Bank's investment portfolio, making the stock its 13th largest holding. First American Bank's holdings in Procter & Gamble were worth $22,008,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PG. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $26,000. Quarry LP acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $33,000. Mizuho Securities Co. Ltd. boosted its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its holdings in shares of Procter & Gamble by 50.3% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after buying an additional 82 shares in the last quarter. Finally, Morton Brown Family Wealth LLC boosted its holdings in shares of Procter & Gamble by 84.6% in the 1st quarter. Morton Brown Family Wealth LLC now owns 251 shares of the company's stock valued at $43,000 after buying an additional 115 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.2%

Shares of Procter & Gamble stock opened at $152.44 on Friday. The company has a market cap of $356.78 billion, a P/E ratio of 23.42, a PEG ratio of 4.01 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The firm has a fifty day moving average of $156.00 and a two-hundred day moving average of $160.60.

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

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio is presently 64.82%.

Insider Activity at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company's stock, valued at $4,409,221.72. This represents a 31.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PG. Berenberg Bank upped their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $173.78.

Procter & Gamble Company 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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