Hickory Point Bank & Trust Acquires 83 Shares of The Procter & Gamble Company (NYSE:PG)

Hickory Point Bank & Trust grew its holdings in The Procter & Gamble Company (NYSE:PG) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,148 shares of the company’s stock after acquiring an additional 83 shares during the quarter. Procter & Gamble accounts for about 0.8% of Hickory Point Bank & Trust’s investment portfolio, making the stock its 28th largest holding. Hickory Point Bank & Trust’s holdings in Procter & Gamble were worth $877,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Central Bank & Trust Co. increased its holdings in shares of Procter & Gamble by 3.1% in the first quarter. Central Bank & Trust Co. now owns 13,335 shares of the company’s stock worth $2,273,000 after acquiring an additional 400 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Procter & Gamble by 1.2% in the first quarter. Meridian Financial Partners LLC now owns 12,747 shares of the company’s stock worth $2,172,000 after acquiring an additional 151 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Procter & Gamble by 2.9% in the first quarter. Wedge Capital Management L L P NC now owns 4,138 shares of the company’s stock worth $705,000 after acquiring an additional 116 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Procter & Gamble by 4.2% in the first quarter. Park Avenue Securities LLC now owns 89,774 shares of the company’s stock worth $15,299,000 after acquiring an additional 3,620 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of Procter & Gamble by 6.7% in the first quarter. OLD National Bancorp IN now owns 58,136 shares of the company’s stock worth $9,908,000 after acquiring an additional 3,634 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on PG shares. Erste Group Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 30th. Truist Financial reduced their price objective on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Piper Sandler upped their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a research report on Thursday, May 1st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $178.86.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $164.01 on Monday. The stock has a 50 day moving average price of $164.01 and a 200 day moving average price of $167.21. The Procter & Gamble Company has a 52 week low of $156.58 and a 52 week high of $180.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.76. The stock has a market capitalization of $384.53 billion, a PE ratio of 26.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion during the quarter, compared to analysts’ expectations of $20.42 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts predict that The Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

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

Insider Activity

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

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.