Community Bank & Trust Waco Texas Acquires 2,415 Shares of The Procter & Gamble Company (NYSE:PG)

Community Bank & Trust Waco Texas grew its position in The Procter & Gamble Company (NYSE:PG) by 4.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 51,211 shares of the company’s stock after acquiring an additional 2,415 shares during the period. Procter & Gamble accounts for approximately 2.0% of Community Bank & Trust Waco Texas’ investment portfolio, making the stock its 12th biggest holding. Community Bank & Trust Waco Texas’ holdings in Procter & Gamble were worth $7,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dfpg Investments LLC grew its holdings in shares of Procter & Gamble by 1.7% in the fourth quarter. Dfpg Investments LLC now owns 24,892 shares of the company’s stock worth $3,680,000 after purchasing an additional 424 shares during the last quarter. Garrett Wealth Advisory Group LLC raised its position in shares of Procter & Gamble by 6.3% in the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 4,419 shares of the company’s stock valued at $645,000 after purchasing an additional 260 shares during the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Procter & Gamble by 14.6% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 94,424 shares of the company’s stock valued at $13,772,000 after purchasing an additional 12,016 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,003,260 shares of the company’s stock valued at $2,298,184,000 after purchasing an additional 131,339 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Procter & Gamble by 105.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 59,363 shares of the company’s stock worth $8,699,000 after buying an additional 30,473 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO R. Alexandra Keith sold 776 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now directly owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Procter & Gamble news, insider Marc S. Pritchard sold 101,704 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $153.57, for a total value of $15,618,683.28. Following the completion of the sale, the insider now owns 163,428 shares in the company, valued at approximately $25,097,637.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO R. Alexandra Keith sold 776 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $158.11, for a total value of $122,693.36. Following the transaction, the chief executive officer now owns 4,859 shares of the company’s stock, valued at approximately $768,256.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 279,918 shares of company stock valued at $43,323,263. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PG. Jefferies Financial Group lifted their target price on shares of Procter & Gamble from $175.00 to $182.00 and gave the company a “buy” rating in a report on Monday. Stifel Nicolaus lifted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “hold” rating in a research note on Wednesday, January 24th. Truist Financial raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $160.00 to $175.00 in a research note on Monday, March 11th. The Goldman Sachs Group started coverage on Procter & Gamble in a report on Friday, March 1st. They set a “neutral” rating and a $168.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.88.

Procter & Gamble Stock Performance

PG traded up $1.19 during trading on Tuesday, reaching $161.73. 4,040,942 shares of the company were exchanged, compared to its average volume of 6,917,184. The stock has a market cap of $380.55 billion, a P/E ratio of 26.33, a PEG ratio of 3.19 and a beta of 0.44. The firm has a 50 day moving average of $159.21 and a 200 day moving average of $153.13. The company has a current ratio of 0.69, a quick ratio of 0.48 and a debt-to-equity ratio of 0.48. The Procter & Gamble Company has a 52 week low of $141.45 and a 52 week high of $163.14.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The business had revenue of $20.20 billion during the quarter, compared to analyst estimates of $20.43 billion. Procter & Gamble had a return on equity of 33.77% and a net margin of 18.00%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, sell-side analysts forecast that The Procter & Gamble Company will post 6.53 EPS for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be paid a $1.0065 dividend. This is an increase from Procter & Gamble’s previous quarterly dividend of $0.94. This represents a $4.03 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 18th. Procter & Gamble’s dividend payout ratio is currently 65.85%.

About Procter & Gamble

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.