Ally Financial Inc. Invests $2.73 Million in Procter & Gamble Company (The) $PG

Key Points

• Ally Financial Inc. acquired a new stake in Procter & Gamble, purchasing 16,000 shares valued at approximately $2.73 million.
• Procter & Gamble reported earnings of $1.48 per share for the last quarter, exceeding analysts' expectations, along with revenues of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, representing an annualized dividend yield of 2.7% and a payout ratio of 64.82%.

Ally Financial Inc. bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 16,000 shares of the company's stock, valued at approximately $2,727,000.

Several other hedge funds have also added to or reduced their stakes in the business. Apexium Financial LP lifted its stake in Procter & Gamble by 32.1% in the first quarter. Apexium Financial LP now owns 6,369 shares of the company's stock worth $1,085,000 after purchasing an additional 1,547 shares during the last quarter. Tandem Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 16.4% during the first quarter. Tandem Wealth Advisors LLC now owns 2,222 shares of the company's stock valued at $379,000 after acquiring an additional 313 shares during the last quarter. Mirova raised its stake in shares of Procter & Gamble by 5.5% during the first quarter. Mirova now owns 45,076 shares of the company's stock valued at $7,682,000 after acquiring an additional 2,370 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Procter & Gamble by 11.0% during the first quarter. Freedom Investment Management Inc. now owns 11,144 shares of the company's stock valued at $1,899,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in shares of Procter & Gamble by 5.0% during the first quarter. Synovus Financial Corp now owns 177,905 shares of the company's stock valued at $30,319,000 after acquiring an additional 8,512 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

PG traded up $0.99 during trading on Wednesday, hitting $156.96. The company's stock had a trading volume of 4,548,118 shares, compared to its average volume of 7,181,753. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business's 50 day simple moving average is $156.65 and its 200-day simple moving average is $162.76. The firm has a market cap of $367.67 billion, a PE ratio of 24.11, a P/E/G ratio of 4.12 and a beta of 0.37.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 8,596 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the sale, the chief executive officer directly owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,181 shares of company stock valued at $18,761,172. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target for the company. in a research note on Thursday, May 1st. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Piper Sandler upped their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. BNP Paribas restated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble Profile

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.