First Citizens Bank & Trust Co. Acquires 17,836 Shares of Procter & Gamble Company (The) $PG

Key Points

• First Citizens Bank & Trust Co. has increased its holdings in Procter & Gamble by 12.8%, acquiring an additional 17,836 shares in the 2nd quarter, totaling $24.99 million in value.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, representing an annualized yield of 2.8% and a payout ratio of approximately 64.98%.
• The stock has received a mix of analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $171.68, while some analysts have reduced their target prices.

First Citizens Bank & Trust Co. raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 156,874 shares of the company's stock after acquiring an additional 17,836 shares during the quarter. Procter & Gamble makes up about 0.4% of First Citizens Bank & Trust Co.'s portfolio, making the stock its 29th largest holding. First Citizens Bank & Trust Co.'s holdings in Procter & Gamble were worth $24,993,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PG. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Taylor Financial Group Inc. boosted its holdings in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. GAMMA Investing LLC increased its position in Procter & Gamble by 22.4% during the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company's stock valued at $7,951,000 after purchasing an additional 8,537 shares during the period. Summit Wealth Group LLC raised its holdings in Procter & Gamble by 11.2% during the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company's stock worth $1,267,000 after purchasing an additional 752 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its position in shares of Procter & Gamble by 3.4% in the 1st quarter. Community Financial Services Group LLC now owns 44,832 shares of the company's stock worth $7,640,000 after purchasing an additional 1,493 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group dropped their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Finally, Barclays reduced their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $171.68.

Procter & Gamble Stock Performance

NYSE PG opened at $152.12 on Thursday. The company's 50 day moving average is $154.73 and its 200-day moving average is $158.50. The firm has a market cap of $356.03 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. 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 (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Insider Activity

In other news, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares of the company's stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the transaction, the chief operating officer directly owned 46,899 shares of the company's stock, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by insiders.

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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