Texas Capital Bank Wealth Management Services Inc Raises Holdings in Procter & Gamble Company (The) $PG

Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 53.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,280 shares of the company’s stock after purchasing an additional 6,350 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Procter & Gamble were worth $2,620,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PG. E Fund Management Hong Kong Co. Ltd. raised its stake in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Park Square Financial Group LLC increased its position in shares of Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Maseco LLP acquired a new stake in shares of Procter & Gamble in the fourth quarter worth approximately $28,000. Saranac Partners Ltd acquired a new stake in shares of Procter & Gamble in the third quarter worth approximately $30,000. Finally, Caitlin John LLC acquired a new position in Procter & Gamble during the third quarter worth $34,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Procter & Gamble

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

Insider Activity at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 5,549 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $165.29, for a total value of $917,194.21. Following the transaction, the chief executive officer owned 1,029 shares in the company, valued at approximately $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Barclays cut their price objective on Procter & Gamble from $155.00 to $146.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Friday, March 27th. Wells Fargo & Company raised their price target on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Piper Sandler lifted their target price on Procter & Gamble from $142.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.06.

Check Out Our Latest Research Report on Procter & Gamble

Procter & Gamble Stock Performance

Shares of PG stock opened at $147.52 on Thursday. The stock has a fifty day moving average price of $144.58 and a 200 day moving average price of $147.92. The stock has a market cap of $343.52 billion, a PE ratio of 21.57, a P/E/G ratio of 6.13 and a beta of 0.41. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The company had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period in the previous year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. This is a boost from Procter & Gamble’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Friday, April 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 63.60%.

Procter & Gamble 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.

Further Reading

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

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