Town & Country Bank & Trust CO dba First Bankers Trust CO Reduces Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Town & Country Bank & Trust CO has reduced its stake in Procter & Gamble by 26.4%, now holding 22,202 shares, valued at approximately $3.54 million.
• Procter & Gamble's stock performance has weakened, currently priced at $153.16, down 1.8% with a market cap of $358.48 billion.
• The company recently reported earnings surpassing estimates, with $1.48 EPS and $20.89 billion in revenue, alongside announcing a quarterly dividend of $1.0568 per share.

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 26.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,202 shares of the company's stock after selling 7,975 shares during the quarter. Procter & Gamble accounts for approximately 1.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings, making the stock its 22nd biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Procter & Gamble were worth $3,537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Kingstone Capital Partners Texas LLC increased its position in shares of Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the last quarter. Nuveen LLC bought a new position in Procter & Gamble during the first quarter valued at $1,954,941,000. GAMMA Investing LLC increased its position in Procter & Gamble by 20,758.5% during the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after acquiring an additional 2,466,308 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. BNP Paribas reissued an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company cut their price objective 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. Finally, UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $173.94.

Procter & Gamble Stock Down 1.8%

Shares of NYSE:PG opened at $153.16 on Tuesday. The business's 50 day moving average is $156.15 and its 200 day moving average is $161.03. The stock has a market cap of $358.48 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week 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 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 analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. 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 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by company 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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