Independence Bank of Kentucky Acquires 7,404 Shares of Procter & Gamble Company (The) $PG

Independence Bank of Kentucky lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,573 shares of the company’s stock after purchasing an additional 7,404 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Independence Bank of Kentucky’s holdings, making the stock its 16th largest position. Independence Bank of Kentucky’s holdings in Procter & Gamble were worth $8,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new position in Procter & Gamble in the 1st quarter worth about $26,000. Signature Resources Capital Management LLC raised its holdings in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the last quarter. Quarry LP bought a new position in shares of Procter & Gamble in the first quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Procter & Gamble during the second quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.8%

Shares of NYSE:PG opened at $144.39 on Friday. The stock’s 50-day simple moving average is $147.32 and its two-hundred day simple moving average is $153.46. The stock has a market capitalization of $337.41 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 4.86 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PG shares. Barclays lowered their price objective on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Berenberg Bank lifted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Finally, Raymond James Financial reduced their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $171.38.

Insider Activity

In other news, COO Shailesh Jejurikar sold 3,986 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,308 shares of company stock worth $4,611,852. Company insiders own 0.20% of the company’s stock.

About Procter & Gamble

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.