The Procter & Gamble Company (NYSE:PG) Shares Bought by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lifted its position in The Procter & Gamble Company (NYSE:PG - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,038 shares of the company's stock after purchasing an additional 4,550 shares during the period. Procter & Gamble comprises about 0.4% of First Citizens Bank & Trust Co.'s portfolio, making the stock its 24th biggest holding. First Citizens Bank & Trust Co.'s holdings in Procter & Gamble were worth $23,695,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Sherman Asset Management Inc. raised its stake in shares of Procter & Gamble by 5.6% during the 1st quarter. Sherman Asset Management Inc. now owns 2,674 shares of the company's stock worth $456,000 after buying an additional 143 shares in the last quarter. Abacus Planning Group Inc. boosted its stake in shares of Procter & Gamble by 1.2% in the first quarter. Abacus Planning Group Inc. now owns 5,759 shares of the company's stock valued at $981,000 after buying an additional 67 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in Procter & Gamble by 0.8% during the first quarter. Capital Investment Advisors LLC now owns 211,461 shares of the company's stock worth $36,037,000 after acquiring an additional 1,755 shares during the period. Hickory Point Bank & Trust raised its position in Procter & Gamble by 1.6% in the first quarter. Hickory Point Bank & Trust now owns 5,148 shares of the company's stock worth $877,000 after acquiring an additional 83 shares in the last quarter. Finally, Central Bank & Trust Co. lifted its holdings in Procter & Gamble by 3.1% in the first quarter. Central Bank & Trust Co. now owns 13,335 shares of the company's stock valued at $2,273,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.7%

PG opened at $164.01 on Monday. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The business has a 50 day moving average price of $164.01 and a two-hundred day moving average price of $167.21. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.50. The company has a market cap of $384.53 billion, a PE ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were given a $1.0568 dividend. This is an increase from Procter & Gamble's previous quarterly dividend of $1.01. This represents a $4.23 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, April 21st. Procter & Gamble's dividend payout ratio (DPR) is 66.98%.

Analyst Ratings Changes

A number of research firms have recently commented on PG. Piper Sandler upped their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Truist Financial cut their price objective on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America lowered their price target on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Royal Bank of Canada upgraded Procter & Gamble from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $164.00 to $177.00 in a research note on Friday, April 25th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $178.86.

Insider Activity

In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total value of $1,669,208.40. Following the sale, the insider now directly owns 25,182 shares of the company's stock, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the transaction, the chief executive officer now directly owns 51,965 shares in the company, valued at approximately $8,386,111.70. This represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company 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.

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