First United Bank & Trust Buys 100 Shares of The Procter & Gamble Company (NYSE:PG)

First United Bank & Trust boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,236 shares of the company’s stock after purchasing an additional 100 shares during the quarter. First United Bank & Trust’s holdings in Procter & Gamble were worth $2,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew its holdings in Procter & Gamble by 2.1% in the second quarter. Geode Capital Management LLC now owns 41,492,829 shares of the company’s stock worth $5,584,128,000 after purchasing an additional 857,975 shares during the period. Morgan Stanley grew its holdings in Procter & Gamble by 5.0% in the second quarter. Morgan Stanley now owns 34,500,719 shares of the company’s stock worth $4,655,181,000 after purchasing an additional 1,632,893 shares during the period. FMR LLC grew its holdings in Procter & Gamble by 7.5% in the second quarter. FMR LLC now owns 25,132,944 shares of the company’s stock worth $3,391,188,000 after purchasing an additional 1,746,707 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Procter & Gamble by 1.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 15,261,722 shares of the company’s stock valued at $2,059,266,000 after buying an additional 235,132 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in shares of Procter & Gamble by 566,378.0% during the second quarter. Magellan Asset Management Ltd now owns 13,340,557 shares of the company’s stock valued at $1,800,041,000 after buying an additional 13,338,202 shares during the last quarter. Institutional investors and hedge funds own 62.94% of the company’s stock.

In related news, Director Nelson Peltz sold 207,000 shares of the firm’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $142.43, for a total value of $29,483,010.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 8,115 shares of Procter & Gamble stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $148.40, for a total value of $1,204,266.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 358,249 shares of company stock valued at $51,740,197. 0.51% of the stock is currently owned by insiders.

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $163.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, October 20th. Morgan Stanley lifted their price objective on Procter & Gamble from $160.00 to $161.00 and gave the stock an “overweight” rating in a report on Tuesday, September 7th. Royal Bank of Canada boosted their target price on Procter & Gamble from $130.00 to $139.00 and gave the stock a “sector perform” rating in a research report on Monday, August 2nd. Bank of America initiated coverage on shares of Procter & Gamble in a research note on Tuesday, October 5th. They issued a “buy” rating for the company. Finally, Truist Securities increased their price objective on shares of Procter & Gamble from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Monday, August 2nd. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.41.

Shares of PG opened at $148.66 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.67 and a quick ratio of 0.49. The Procter & Gamble Company has a 1 year low of $121.54 and a 1 year high of $149.50. The company has a 50 day simple moving average of $143.53 and a two-hundred day simple moving average of $140.59. The firm has a market cap of $359.75 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 3.70 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Monday, October 18th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02. Procter & Gamble had a net margin of 18.33% and a return on equity of 31.49%. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $19.87 billion. During the same period last year, the firm posted $1.63 EPS. The company’s revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that The Procter & Gamble Company will post 5.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 15th. Investors of record on Friday, October 22nd were issued a $0.8698 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, October 21st. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.62%.

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 & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment comprises of shave care like female and male blades and razors, pre and post shave products, and appliances.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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