AMG National Trust Bank Acquires New Stake in Procter & Gamble Company (The) $PG

AMG National Trust Bank bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 48,656 shares of the company's stock, valued at approximately $7,135,000.

Several other hedge funds have also bought and sold shares of PG. Brighton Jones LLC lifted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after buying an additional 13,617 shares during the period. Taylor Financial Group Inc. boosted its position in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after buying an additional 277 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Procter & Gamble by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC raised its stake in Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after buying an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock valued at $4,809,000 after acquiring an additional 809 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. BMO Capital Markets increased their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Jefferies Financial Group boosted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, June 26th. Piper Sandler raised their price target on Procter & Gamble from $142.00 to $145.00 and gave the company a "neutral" rating in a report on Friday, April 24th. Finally, Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $144.77 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm's 50-day moving average is $147.73 and its 200 day moving average is $148.69. The company has a market capitalization of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.40 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued 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. 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 for the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company's revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Research analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source