Midwest Trust Co Purchases 6,496 Shares of Procter & Gamble Company (The) $PG

Midwest Trust Co lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 404,866 shares of the company’s stock after buying an additional 6,496 shares during the period. Midwest Trust Co’s holdings in Procter & Gamble were worth $62,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Procter & Gamble in the second quarter worth $5,099,644,000. Laurel Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 15,971.7% in the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after buying an additional 6,969,110 shares during the period. Vanguard Group Inc. lifted its stake in shares of Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after acquiring an additional 3,189,111 shares during the last quarter. Invesco Ltd. boosted its holdings in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the period. Finally, Lazard Asset Management LLC grew its position in Procter & Gamble by 66.3% during the 2nd quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock worth $877,014,000 after acquiring an additional 2,195,560 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PG shares. Barclays set a $155.00 price objective on Procter & Gamble in a research note on Friday, January 16th. Rothschild & Co Redburn raised their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Insider Transactions at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 8,000 shares of the firm’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 owned 6,571 shares of the company’s stock, valued at $1,038,218. This trade represents a 54.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 1.2%

PG opened at $157.28 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The stock has a market cap of $365.52 billion, a PE ratio of 23.30, a PEG ratio of 5.29 and a beta of 0.38. The business has a 50 day moving average of $145.95 and a 200-day moving average of $150.29.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The firm’s quarterly 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 predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s payout ratio is presently 62.67%.

Procter & Gamble Company 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.