176,935 Shares in Procter & Gamble Company (The) $PG Purchased by Dearborn Partners LLC

Key Points

• Dearborn Partners LLC purchased 176,935 Procter & Gamble shares worth approximately $25.95 million during the second quarter, making PG 1.2% of its portfolio. Institutional investors and hedge funds collectively own 65.77% of the company.
• Procter & Gamble’s latest quarterly earnings exceeded expectations, with adjusted EPS of $1.43 versus the $1.41 consensus estimate, while revenue rose 1.5% year over year to $21.20 billion.
• The company pays a quarterly dividend of $1.0885, equivalent to an annualized $4.35 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $161.19, above the stock’s reported $143.71 price.

Dearborn Partners LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 176,935 shares of the company's stock, valued at approximately $25,946,000. Procter & Gamble makes up 1.2% of Dearborn Partners LLC's investment portfolio, making the stock its 28th biggest position.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $27,862,105,000. State Street Corp grew its stake in Procter & Gamble by 1.0% in the 4th quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after acquiring an additional 984,102 shares during the period. Geode Capital Management LLC increased its holdings in Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after acquiring an additional 1,974,556 shares in the last quarter. Norges Bank purchased a new stake in Procter & Gamble in the 4th quarter worth $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its position in Procter & Gamble by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock worth $4,243,815,000 after acquiring an additional 1,091,091 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the sale, the chief accounting officer owned 1,271 shares of the company's stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,627 shares of company stock valued at $953,417 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $143.71 on Monday. The company has a fifty day simple moving average of $147.11 and a 200-day simple moving average of $148.21. The firm has a market capitalization of $334.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio is presently 65.71%.

Analyst Upgrades and Downgrades

PG has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Bank of America decreased their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Finally, Jefferies Financial Group boosted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research note on Friday, June 26th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Company Profile

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.

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