The Procter & Gamble Company (NYSE:PG) is NBC Securities Inc.’s 9th Largest Position

NBC Securities Inc. boosted its holdings in The Procter & Gamble Company (NYSE:PG) by 101,122.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 59,721 shares of the company’s stock after buying an additional 59,662 shares during the period. Procter & Gamble makes up about 0.9% of NBC Securities Inc.’s investment portfolio, making the stock its 9th largest position. NBC Securities Inc.’s holdings in Procter & Gamble were worth $10,177,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Enterprise Bank & Trust Co boosted its stake in shares of Procter & Gamble by 0.7% in the first quarter. Enterprise Bank & Trust Co now owns 11,040 shares of the company’s stock valued at $1,881,000 after purchasing an additional 75 shares during the period. Worth Asset Management LLC acquired a new position in Procter & Gamble in the 1st quarter worth $233,000. Fiduciary Alliance LLC grew its stake in shares of Procter & Gamble by 5.9% during the first quarter. Fiduciary Alliance LLC now owns 13,606 shares of the company’s stock valued at $2,319,000 after acquiring an additional 761 shares in the last quarter. Moller Wealth Partners increased its position in shares of Procter & Gamble by 5.7% during the first quarter. Moller Wealth Partners now owns 8,372 shares of the company’s stock worth $1,427,000 after acquiring an additional 455 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 8,407 shares of the company’s stock worth $1,433,000 after acquiring an additional 118 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer now owns 51,965 shares in the company, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider now owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.8%

Shares of Procter & Gamble stock opened at $169.92 on Monday. The stock has a market capitalization of $398.38 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.76 and a beta of 0.41. The business’s 50 day simple moving average is $164.35 and its 200-day simple moving average is $167.40. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.53 by $0.01. The company had revenue of $19.78 billion for the quarter, compared to analyst estimates of $20.42 billion. Procter & Gamble had a net margin of 18.35% and a return on equity of 33.00%. Procter & Gamble’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. Equities research analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, April 21st were paid a $1.0568 dividend. This is a positive change from Procter & Gamble’s previous quarterly dividend of $1.01. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Monday, April 21st. Procter & Gamble’s dividend payout ratio is currently 66.98%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PG shares. Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Redburn Partners set a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, May 1st. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Truist Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Raymond James dropped their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $178.52.

About Procter & Gamble

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.