Argent Trust Co Decreases Stock Position in Procter & Gamble Company (The) $PG

Argent Trust Co decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,727 shares of the company’s stock after selling 4,017 shares during the quarter. Argent Trust Co’s holdings in Procter & Gamble were worth $20,701,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble during the 3rd quarter worth approximately $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth $32,000. Caitlin John LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth $34,000. Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble during the third quarter worth $37,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Procter & Gamble in the third quarter valued at $40,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $166.95 on Friday. The stock has a market capitalization of $388.00 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 5.47 and a beta of 0.38. The firm’s fifty day simple moving average is $150.95 and its 200-day simple moving average is $151.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same period last year, the firm posted $1.88 EPS. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Piper Sandler initiated coverage on Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Tuesday, February 17th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Check Out Our Latest Stock Report on PG

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total transaction of $288,463.14. Following the completion of the sale, the insider directly owned 30,215 shares of the company’s stock, valued at $4,818,083.90. This trade represents a 5.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider owned 12,639 shares of the company’s stock, valued at approximately $2,026,158.09. The trade was a 50.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 343,069 shares of company stock valued at $54,545,448. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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