The Procter & Gamble Company (NYSE:PG) Position Lifted by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co raised its stake in shares of The Procter & Gamble Company (NYSE:PG) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,935 shares of the company’s stock after acquiring an additional 342 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Procter & Gamble were worth $1,612,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board acquired a new stake in shares of Procter & Gamble during the third quarter worth $3,262,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Procter & Gamble by 54.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 178,060 shares of the company’s stock worth $25,972,000 after acquiring an additional 62,983 shares during the period. Lavaca Capital LLC increased its holdings in shares of Procter & Gamble by 14.6% in the 3rd quarter. Lavaca Capital LLC now owns 5,742 shares of the company’s stock worth $837,000 after acquiring an additional 730 shares during the period. Kahn Brothers Group Inc. increased its holdings in shares of Procter & Gamble by 5.3% in the 3rd quarter. Kahn Brothers Group Inc. now owns 2,000 shares of the company’s stock worth $292,000 after acquiring an additional 100 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Procter & Gamble by 1.9% in the 3rd quarter. Stifel Financial Corp now owns 4,274,239 shares of the company’s stock worth $623,452,000 after acquiring an additional 79,342 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE:PG opened at $168.30 on Friday. The Procter & Gamble Company has a twelve month low of $141.45 and a twelve month high of $168.97. The company has a 50-day moving average of $164.59 and a 200-day moving average of $158.01. The firm has a market cap of $397.21 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.40 and a beta of 0.42. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, April 19th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.42 by $0.10. Procter & Gamble had a net margin of 18.00% and a return on equity of 33.91%. The company had revenue of $20.20 billion during the quarter, compared to analysts’ expectations of $20.43 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that The Procter & Gamble Company will post 6.55 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 19th were issued a $1.0065 dividend. This represents a $4.03 annualized dividend and a dividend yield of 2.39%. This is a boost from Procter & Gamble’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, April 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.85%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PG shares. Jefferies Financial Group increased their price objective on shares of Procter & Gamble from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Argus increased their price objective on shares of Procter & Gamble from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $160.00 to $175.00 in a research note on Monday, March 11th. Finally, StockNews.com cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $169.76.

Insiders Place Their Bets

In other Procter & Gamble news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $158.50, for a total value of $135,517.50. Following the completion of the transaction, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO R. Alexandra Keith sold 855 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $158.50, for a total transaction of $135,517.50. Following the completion of the sale, the chief executive officer now directly owns 4,004 shares in the company, valued at $634,634. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Balaji Purushothaman sold 28,369 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $161.49, for a total transaction of $4,581,309.81. Following the sale, the insider now owns 11,507 shares of the company’s stock, valued at $1,858,265.43. The disclosure for this sale can be found here. Insiders sold a total of 154,544 shares of company stock worth $25,413,051 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.