CoreFirst Bank & Trust Makes New Investment in The Procter & Gamble Company (NYSE:PG)

CoreFirst Bank & Trust acquired a new stake in The Procter & Gamble Company (NYSE:PG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,588 shares of the company's stock, valued at approximately $2,278,000. Procter & Gamble makes up 1.4% of CoreFirst Bank & Trust's portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 229,794,073 shares of the company's stock worth $38,524,976,000 after purchasing an additional 1,592,061 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Procter & Gamble by 7.0% during the third quarter. Geode Capital Management LLC now owns 55,204,776 shares of the company's stock valued at $9,538,327,000 after buying an additional 3,619,466 shares during the last quarter. FMR LLC grew its holdings in Procter & Gamble by 2.7% during the third quarter. FMR LLC now owns 26,556,319 shares of the company's stock worth $4,599,554,000 after buying an additional 689,282 shares in the last quarter. Franklin Resources Inc. raised its position in Procter & Gamble by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 18,988,721 shares of the company's stock valued at $3,290,573,000 after buying an additional 1,760,214 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Procter & Gamble by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 18,692,813 shares of the company's stock valued at $3,133,850,000 after acquiring an additional 312,203 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. DA Davidson reiterated a "buy" rating and issued a $209.00 target price on shares of Procter & Gamble in a report on Thursday, January 23rd. UBS Group reissued a "buy" rating on shares of Procter & Gamble in a research report on Monday, February 10th. Stifel Nicolaus upped their target price on Procter & Gamble from $161.00 to $165.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $164.00 price target on shares of Procter & Gamble in a report on Thursday, January 23rd. Finally, Piper Sandler decreased their target price on Procter & Gamble from $173.00 to $172.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $181.47.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 90,450 shares of Procter & Gamble stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total transaction of $14,819,328.00. Following the completion of the sale, the insider now directly owns 172,814 shares in the company, valued at $28,313,845.76. The trade was a 34.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 18,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $171.66, for a total transaction of $3,089,880.00. Following the completion of the transaction, the chief executive officer now directly owns 22,051 shares in the company, valued at $3,785,274.66. The trade was a 44.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,450 shares of company stock valued at $23,988,008 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded down $2.75 during midday trading on Tuesday, hitting $162.90. 8,359,854 shares of the company traded hands, compared to its average volume of 6,476,854. The Procter & Gamble Company has a one year low of $153.52 and a one year high of $180.43. The firm has a market cap of $381.98 billion, a P/E ratio of 25.94, a PEG ratio of 3.76 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.76 and a quick ratio of 0.55. The stock has a 50-day moving average of $168.11 and a 200-day moving average of $169.58.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $21.88 billion for the quarter, compared to analysts' expectations of $21.66 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.84 EPS. As a group, sell-side analysts predict that The Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 24th were paid a $1.0065 dividend. The ex-dividend date was Friday, January 24th. This represents a $4.03 dividend on an annualized basis and a yield of 2.47%. Procter & Gamble's dividend payout ratio is currently 64.01%.

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.