Enterprise Bank & Trust Co Grows Stake in Procter & Gamble Company (The) $PG

Enterprise Bank & Trust Co increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,361 shares of the company’s stock after purchasing an additional 321 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Procter & Gamble were worth $1,810,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the first quarter worth about $26,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at approximately $31,000. Quarry LP purchased a new position in Procter & Gamble during the 1st quarter valued at approximately $33,000. 10Elms LLP purchased a new position in Procter & Gamble during the 4th quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $158.02 on Friday. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. The stock has a 50 day moving average price of $156.21 and a 200 day moving average price of $161.84.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the company earned $1.40 EPS. Procter & Gamble’s quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s payout ratio is 64.98%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PG. Barclays set a $164.00 price target on Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Wells Fargo & Company dropped their target price on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.12.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer directly owned 41,886 shares of the company’s stock, valued at $6,624,689.76. The trade was a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Company 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.