OLD Point Trust & Financial Services N A Has $8.95 Million Holdings in Procter & Gamble Company (The) $PG

OLD Point Trust & Financial Services N A trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,148 shares of the company’s stock after selling 838 shares during the period. Procter & Gamble accounts for about 3.1% of OLD Point Trust & Financial Services N A’s investment portfolio, making the stock its 7th biggest holding. OLD Point Trust & Financial Services N A’s holdings in Procter & Gamble were worth $8,946,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PG. Nova Wealth Management Inc. bought a new stake in Procter & Gamble in the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC increased its stake in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP bought a new stake in Procter & Gamble in the first quarter valued at approximately $33,000. Quest 10 Wealth Builders Inc. increased its stake in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company’s stock valued at $42,000 after purchasing an additional 82 shares in the last quarter. Finally, Morton Brown Family Wealth LLC increased its stake in Procter & Gamble by 84.6% in the first quarter. Morton Brown Family Wealth LLC now owns 251 shares of the company’s stock valued at $43,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PG. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Berenberg Bank increased their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. BNP Paribas reissued an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Finally, Evercore ISI reissued an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $172.21.

Procter & Gamble Stock Performance

Shares of PG opened at $151.53 on Monday. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The firm has a fifty day simple moving average of $154.92 and a 200 day simple moving average of $158.67. The stock has a market capitalization of $354.66 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 4.02 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company’s stock, 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. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 in the last three months. 0.20% of the stock is currently owned by insiders.

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.