257,950 Shares in Procter & Gamble Company (The) $PG Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 257,950 Procter & Gamble shares valued at approximately $37.8 million in the second quarter. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company paid a quarterly dividend of $1.0885 per share, equivalent to a 3.0% yield, and analysts maintain a “Moderate Buy” consensus with an average price target of $161.19.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 257,950 shares of the company's stock, valued at approximately $37,826,000.

A number of other hedge funds also recently made changes to their positions in PG. Carlson Financial Inc. raised its stake in shares of Procter & Gamble by 3.8% during the second quarter. Carlson Financial Inc. now owns 6,870 shares of the company's stock valued at $1,007,000 after purchasing an additional 254 shares during the period. California State Teachers Retirement System grew its holdings in Procter & Gamble by 14,323.0% during the 2nd quarter. California State Teachers Retirement System now owns 516,914,798 shares of the company's stock valued at $75,800,386,000 after purchasing an additional 513,330,829 shares in the last quarter. Washington Trust Advisors Inc. increased its stake in Procter & Gamble by 4.4% during the 2nd quarter. Washington Trust Advisors Inc. now owns 18,292 shares of the company's stock worth $2,682,000 after buying an additional 778 shares during the period. Ameritas Advisory Services LLC increased its stake in Procter & Gamble by 30.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 49,385 shares of the company's stock worth $7,242,000 after buying an additional 11,621 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. lifted its holdings in Procter & Gamble by 8.7% in the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,842 shares of the company's stock worth $270,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $146.29 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm's 50-day simple moving average is $146.77 and its 200-day simple moving average is $147.73. The firm has a market cap of $339.78 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company earned $1.48 earnings per share. Procter & Gamble's quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is currently 65.71%.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider directly owned 187,001 shares of the company's stock, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,627 shares of company stock worth $953,417 over the last ninety days. 0.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PG shares. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research note on Thursday, July 16th. Jefferies Financial Group increased their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. BMO Capital Markets raised their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Finally, Barclays increased their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $161.19.

Procter & Gamble 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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