Enterprise Bank & Trust Co Buys 321 Shares of Procter & Gamble Company (The) $PG

Enterprise Bank & Trust Co lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,361 shares of the company’s stock after purchasing an additional 321 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Procter & Gamble were worth $1,810,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PG. Nuveen LLC bought a new position in shares of Procter & Gamble in the 1st quarter worth $1,954,941,000. GAMMA Investing LLC raised its position in shares of Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after acquiring an additional 2,466,308 shares in the last quarter. Invesco Ltd. raised its position in shares of Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 9,849 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the sale, the insider owned 182,422 shares in the company, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,181 shares of company stock valued at $18,918,012. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.4%

Shares of PG stock opened at $158.02 on Friday. The stock’s 50-day simple moving average is $156.21 and its 200-day simple moving average is $161.84. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market capitalization of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is currently 64.98%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays set a $164.00 target price on Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company reduced their target price on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.12.

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.