First National Bank of Mount Dora Trust Investment Services Has $4.71 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• First National Bank of Mount Dora Trust Investment Services cut its Procter & Gamble stake by 27.2% in the first quarter, selling 12,160 shares and retaining 32,603 shares valued at approximately $4.71 million.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.0885, equivalent to an annualized $4.35 payout and a 3.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $161.52.

First National Bank of Mount Dora Trust Investment Services decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 27.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,603 shares of the company's stock after selling 12,160 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in Procter & Gamble were worth $4,709,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. boosted its position in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC grew its holdings in Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. increased its holdings in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock worth $26,000 after purchasing an additional 171 shares in the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $26,000. Finally, Maseco LLP acquired a new position in shares of Procter & Gamble during the fourth quarter valued at about $28,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Procter & Gamble Trading Up 0.1%

Shares of PG stock opened at $144.62 on Monday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.42. The business has a 50-day moving average price of $147.71 and a two-hundred day moving average price of $148.96. The firm has a market cap of $336.77 billion, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 4.44 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. During the same period last year, the firm earned $1.48 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be issued a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio is 65.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Evercore set a $162.00 target price on Procter & Gamble in a report on Monday, April 27th. Piper Sandler boosted their target price on shares of Procter & Gamble from $142.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Royal Bank Of Canada cut their price target on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating for the company in a research note on Thursday, April 9th. Finally, Barclays lifted their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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