Centennial Bank AR Increases Stock Holdings in The Procter & Gamble Company (NYSE:PG)

Centennial Bank AR boosted its stake in shares of The Procter & Gamble Company (NYSE:PG) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,435 shares of the company’s stock after buying an additional 108 shares during the period. Centennial Bank AR’s holdings in Procter & Gamble were worth $403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Procter & Gamble during the 2nd quarter worth about $1,782,000. RiverFront Investment Group LLC lifted its stake in Procter & Gamble by 2.7% in the second quarter. RiverFront Investment Group LLC now owns 26,383 shares of the company’s stock worth $4,351,000 after purchasing an additional 698 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Procter & Gamble during the second quarter valued at approximately $1,470,000. Souders Financial Advisors grew its stake in shares of Procter & Gamble by 1.4% during the second quarter. Souders Financial Advisors now owns 135,893 shares of the company’s stock valued at $22,411,000 after buying an additional 1,873 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in shares of Procter & Gamble by 3.0% in the second quarter. Dana Investment Advisors Inc. now owns 38,429 shares of the company’s stock worth $6,338,000 after buying an additional 1,125 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.1 %

Shares of PG stock opened at $173.07 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.73. The Procter & Gamble Company has a fifty-two week low of $141.45 and a fifty-two week high of $177.94. The firm has a market capitalization of $408.47 billion, a PE ratio of 28.28, a P/E/G ratio of 3.76 and a beta of 0.41. The stock’s 50-day simple moving average is $171.01 and its 200-day simple moving average is $166.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $20.53 billion during the quarter, compared to analyst estimates of $20.69 billion. Procter & Gamble had a net margin of 17.71% and a return on equity of 33.46%. Procter & Gamble’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm posted $1.37 EPS. Equities analysts expect that The Procter & Gamble Company will post 6.97 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Friday, July 19th were given a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a yield of 2.33%. The ex-dividend date was Friday, July 19th. Procter & Gamble’s dividend payout ratio is currently 65.69%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 8,842 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 96,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $170.00, for a total value of $16,320,000.00. Following the completion of the transaction, the chief executive officer now owns 13,721 shares in the company, valued at $2,332,570. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 8,842 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $164.90, for a total value of $1,458,045.80. Following the sale, the insider now owns 11,537 shares in the company, valued at $1,902,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,553 shares of company stock worth $63,829,141. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PG. TD Cowen started coverage on Procter & Gamble in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Barclays downgraded shares of Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 price target on the stock. in a research note on Monday. Citigroup boosted their price objective on shares of Procter & Gamble from $177.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Piper Sandler started coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Finally, Wolfe Research raised Procter & Gamble to a “strong-buy” rating in a research note on Friday, August 23rd. Nine equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $175.89.

Procter & Gamble Company Profile

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.