Synovus Financial Corp Has $30.32 Million Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Synovus Financial Corp increased its stake in Procter & Gamble by 5.0%, bringing its total shares to 177,905, worth approximately $30.32 million.
• Procter & Gamble reported a quarterly earnings per share (EPS) of $1.48, exceeding analysts' estimates by $0.06, with year-over-year revenue growth of 1.7%.
• The company declared a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.7% and a payout ratio of 64.82%.

Synovus Financial Corp boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,905 shares of the company's stock after acquiring an additional 8,512 shares during the quarter. Synovus Financial Corp's holdings in Procter & Gamble were worth $30,319,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PG. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. 10Elms LLP acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. increased its position in 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 acquiring an additional 170 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company lowered their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Piper Sandler lifted their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Price Performance

Shares of PG traded up $0.99 during trading hours on Wednesday, hitting $156.96. 4,548,118 shares of the company were exchanged, compared to its average volume of 7,181,753. The company has a market capitalization of $367.67 billion, a PE ratio of 24.11, a PEG ratio of 4.12 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a fifty day simple moving average of $156.65 and a 200-day simple moving average of $162.76. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at $4,292,684.65. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 8,596 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,351,892.92. Following the completion of the sale, the chief executive officer directly owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,181 shares of company stock valued at $18,761,172 over the last quarter. 0.18% of the stock is owned by insiders.

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.