Old North State Trust LLC Buys Shares of 10,875 Procter & Gamble Company (The) $PG

Old North State Trust LLC purchased a new position in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,875 shares of the company’s stock, valued at approximately $1,595,000.

Other institutional investors have also modified their holdings of the company. Baxter Bros Inc. bought a new stake in Procter & Gamble in the 2nd quarter valued at $12,381,000. Cibc World Market Inc. increased its holdings in Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares in the last quarter. World Investment Advisors raised its stake in shares of Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after purchasing an additional 14,492 shares during the period. Resources Management Corp CT ADV lifted its holdings in shares of Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after purchasing an additional 24,010 shares in the last quarter. Finally, Indivisible Partners acquired a new position in shares of Procter & Gamble during the fourth quarter worth about $2,120,000. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 6,627 shares of company stock worth $953,417. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PG. BMO Capital Markets lifted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. HSBC reaffirmed a “hold” rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Barclays boosted their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Procter & Gamble Trading Up 0.4%

NYSE PG opened at $143.71 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $147.11 and a 200-day moving average of $148.28. The company has a market cap of $334.04 billion, a PE ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

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.