CoreFirst Bank & Trust Decreases Stake in Procter & Gamble Company (The) (NYSE:PG)

CoreFirst Bank & Trust lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,344 shares of the company’s stock after selling 244 shares during the period. Procter & Gamble makes up about 1.5% of CoreFirst Bank & Trust’s portfolio, making the stock its 19th biggest position. CoreFirst Bank & Trust’s holdings in Procter & Gamble were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Navigoe LLC purchased a new position in Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at about $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% in the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 148 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. Finally, 10Elms LLP purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $160.72 on Friday. The stock has a market capitalization of $376.82 billion, a P/E ratio of 25.51, a PEG ratio of 4.58 and a beta of 0.40. The business has a 50 day simple moving average of $162.10 and a two-hundred day simple moving average of $165.28. Procter & Gamble Company has a 12 month low of $156.58 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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 32.67% and a net margin of 18.46%. The firm had revenue of $19.78 billion during the quarter, compared to the consensus estimate of $20.42 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a yield of 2.63%. Procter & Gamble’s payout ratio is presently 67.14%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 1,000 shares of the business’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 transaction of $161,380.00. Following the transaction, the chief executive officer directly owned 51,965 shares in the company, valued at $8,386,111.70. The trade was a 1.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the 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 directly owned 25,182 shares of the company’s stock, valued at approximately $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PG shares. Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Redburn Partners set a $161.00 price objective on Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic downgraded Procter & Gamble from a “buy” rating to a “neutral” rating and set a $161.00 target price on the stock. in a research note on Thursday, May 1st. Royal Bank Of Canada upgraded Procter & Gamble from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $164.00 to $177.00 in a research report on Friday, April 25th. Finally, Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the stock an “overweight” rating in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $178.45.

About Procter & Gamble

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.