Addenda Capital Inc. Acquires 9,560 Shares of Procter & Gamble Company (The) $PG

Key Points

• Addenda Capital Inc. increased its stake in Procter & Gamble by 28.2% during the second quarter, acquiring an additional 9,560 shares, bringing its total holdings to 43,485 shares valued at approximately $6.93 million.
• Procter & Gamble reported quarterly earnings of $1.48 per share, exceeding the consensus estimate by $0.06, with revenue of $20.89 billion, up 1.7% compared to the previous year.
• The company declared a quarterly dividend of $1.0568 per share, which translates to an annualized dividend of $4.23 and a yield of 2.8%, with a payout ratio of 64.98%.

Addenda Capital Inc. raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 28.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,485 shares of the company's stock after purchasing an additional 9,560 shares during the quarter. Addenda Capital Inc.'s holdings in Procter & Gamble were worth $6,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the period. Investors Research Corp grew its stake in shares of Procter & Gamble by 90.0% during the 1st quarter. Investors Research Corp now owns 606 shares of the company's stock worth $103,000 after acquiring an additional 287 shares during the period. Cerro Pacific Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 1.1% during the 1st quarter. Cerro Pacific Wealth Advisors LLC now owns 12,061 shares of the company's stock worth $2,022,000 after acquiring an additional 132 shares during the period. Peoples Bank KS grew its stake in shares of Procter & Gamble by 0.8% during the 1st quarter. Peoples Bank KS now owns 10,417 shares of the company's stock worth $1,775,000 after acquiring an additional 81 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 19.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 44,211 shares of the company's stock worth $7,535,000 after acquiring an additional 7,120 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $152.44 on Monday. The business's 50-day moving average price is $156.00 and its two-hundred day moving average price is $160.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The stock has a market cap of $356.78 billion, a P/E ratio of 23.42, a PEG ratio of 4.02 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter last year, the firm posted $1.40 EPS. The company's revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 in the last quarter. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday. BNP Paribas Exane dropped their price objective on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $173.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.