CENTRAL TRUST Co Decreases Position in Procter & Gamble Company (The) $PG

CENTRAL TRUST Co lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 202,024 shares of the company’s stock after selling 9,219 shares during the quarter. CENTRAL TRUST Co’s holdings in Procter & Gamble were worth $31,041,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PG. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Procter & Gamble during the third quarter worth $25,000. Corundum Trust Company INC purchased a new stake in Procter & Gamble during the 3rd quarter worth $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter worth $34,000. Marquette Asset Management LLC purchased a new position in Procter & Gamble in the 3rd quarter valued at about $37,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $161.27 on Friday. The stock has a market capitalization of $374.79 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 5.32 and a beta of 0.38. The business’s fifty day moving average price is $146.80 and its 200 day moving average price is $150.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast 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 will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Insider Buying and Selling

In other news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total transaction of $1,264,000.00. Following the completion of the transaction, the chief executive officer directly owned 6,571 shares of the company’s stock, valued at approximately $1,038,218. This represents a 54.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the sale, the insider directly owned 182,607 shares in the company, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a report on Monday, October 27th. Thirteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

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.