Ancora Advisors LLC Has $32.42 Million Stock Holdings in Procter & Gamble Company (The) $PG

Ancora Advisors LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,092 shares of the company's stock after selling 23,535 shares during the period. Ancora Advisors LLC's holdings in Procter & Gamble were worth $32,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Baxter Bros Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at $12,381,000. Cibc World Market Inc. lifted its position in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after buying an additional 147,701 shares in the last quarter. World Investment Advisors raised its stake in Procter & Gamble by 15.9% during the fourth quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after purchasing an additional 14,492 shares during the period. Resources Management Corp CT ADV lifted its holdings in Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock valued at $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Finally, Indivisible Partners purchased a new position in Procter & Gamble in the fourth quarter worth approximately $2,120,000. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Bank of America lowered their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Barclays upped their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Trading Up 0.4%

NYSE PG opened at $143.71 on Friday. The company has a 50-day moving average of $147.11 and a 200-day moving average of $148.28. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The company has a market cap of $334.04 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.41 and a beta of 0.39.

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

Procter & Gamble Dividend Announcement

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

Insider Activity

In related news, insider Marc S. Pritchard sold 4,030 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 stock in a transaction 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 directly owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is currently owned by insiders.

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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