MidFirst Bank Takes Position in Procter & Gamble Company (The) $PG

MidFirst Bank bought a new stake in Procter & Gamble Company (The) (NYSE:PG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,435 shares of the company’s stock, valued at approximately $2,069,000.

Other institutional investors also recently modified their holdings of the company. Carson Advisory Inc. increased its holdings in Procter & Gamble by 0.5% in the 4th quarter. Carson Advisory Inc. now owns 12,124 shares of the company’s stock worth $1,738,000 after purchasing an additional 65 shares in the last quarter. Trilogy Capital Inc. lifted its stake in shares of Procter & Gamble by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 6,289 shares of the company’s stock worth $901,000 after acquiring an additional 67 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Procter & Gamble by 1.8% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company’s stock worth $549,000 after acquiring an additional 67 shares during the period. Lorne Steinberg Wealth Management Inc. boosted its holdings in Procter & Gamble by 2.7% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 2,623 shares of the company’s stock valued at $376,000 after acquiring an additional 68 shares during the last quarter. Finally, Grant Street Asset Management Inc. increased its position in Procter & Gamble by 2.7% during the 4th quarter. Grant Street Asset Management Inc. now owns 2,627 shares of the company’s stock valued at $376,000 after purchasing an additional 69 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.3%

NYSE:PG opened at $150.85 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 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $145.43 and its 200 day moving average is $147.80. The stock has a market capitalization of $351.26 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 6.54 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.03. The company had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were issued a $1.0885 dividend. The ex-dividend date of this dividend was Friday, April 24th. This is an increase from Procter & Gamble’s previous quarterly dividend of $1.06. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 63.60%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PG shares. Evercore set a $162.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Sanford C. Bernstein assumed coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Royal Bank Of Canada decreased their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Erste Group Bank downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $165.00 to $162.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $160.78.

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.