Ancora Advisors LLC Purchases 1,934 Shares of Procter & Gamble Company (The) $PG

Key Points

• Ancora Advisors LLC has increased its stake in Procter & Gamble by 0.9%, owning 221,801 shares valued at approximately $37.8 million.
• Several hedge funds, including Northern Trust Corp and Price T Rowe Associates, have significantly raised their holdings in Procter & Gamble during the first quarter of 2023.
• Procter & Gamble recently paid a quarterly dividend of $1.0568 per share, reflecting an annualized dividend yield of 2.7%.

Ancora Advisors LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,801 shares of the company's stock after purchasing an additional 1,934 shares during the period. Procter & Gamble makes up approximately 0.8% of Ancora Advisors LLC's holdings, making the stock its 26th largest position. Ancora Advisors LLC's holdings in Procter & Gamble were worth $37,799,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cladis Investment Advisory LLC increased its position in shares of Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after purchasing an additional 236 shares during the last quarter. Benjamin Edwards Inc. grew its position in Procter & Gamble by 120.7% during the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after buying an additional 199,258 shares during the period. Capital Investment Advisory Services LLC increased its holdings in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after buying an additional 4,562 shares during the last quarter. World Investment Advisors raised its position in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after acquiring an additional 2,886 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock worth $20,451,000 after acquiring an additional 25,059 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE:PG traded up $0.89 during trading on Friday, hitting $160.08. 6,435,480 shares of the company's stock were exchanged, compared to its average volume of 6,113,774. The business's 50-day simple moving average is $156.41 and its 200 day simple moving average is $162.28. The company has a market cap of $374.65 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 4.20 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm's revenue for the quarter 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 year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble's dividend payout ratio is 64.82%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Davis sold 8,596 shares of the business'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 transaction of $1,351,892.92. Following the transaction, the chief executive officer owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. The trade was a 11.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider owned 28,436 shares in the company, valued at $4,459,902.24. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays set a $164.00 price target on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. BNP Paribas reiterated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $175.12.

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.