Baird Financial Group Inc. Purchases 27,710 Shares of Procter & Gamble Company (The) $PG

Key Points

• Baird Financial Group Inc. increased its stake in Procter & Gamble by 1.7%, acquiring an additional 27,710 shares, bringing its total ownership to 1,702,004 shares, valued at $290 million.
• Analysts have set varying price targets for Procter & Gamble, with recent estimates ranging from $164.00 to $177.00, reflecting a generally moderate outlook for the stock.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, yielding approximately 2.7%, with a payout ratio of 64.98%.

Baird Financial Group Inc. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,702,004 shares of the company's stock after buying an additional 27,710 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of Procter & Gamble worth $290,056,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. lifted its holdings in Procter & Gamble by 2.7% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 16,008 shares of the company's stock worth $2,728,000 after buying an additional 425 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in Procter & Gamble by 15.2% during the 1st quarter. Panagora Asset Management Inc. now owns 53,257 shares of the company's stock worth $9,076,000 after buying an additional 7,019 shares in the last quarter. Activest Wealth Management raised its position in shares of Procter & Gamble by 65.3% during the 1st quarter. Activest Wealth Management now owns 1,068 shares of the company's stock valued at $182,000 after acquiring an additional 422 shares during the last quarter. Vident Advisory LLC raised its position in shares of Procter & Gamble by 52.9% during the 1st quarter. Vident Advisory LLC now owns 154,823 shares of the company's stock valued at $26,386,000 after acquiring an additional 53,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Procter & Gamble by 0.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,002,502 shares of the company's stock valued at $341,262,000 after acquiring an additional 13,826 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on PG shares. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. BNP Paribas reiterated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Evercore ISI reiterated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.12.

Procter & Gamble Trading Up 1.0%

Procter & Gamble stock traded up $1.48 during mid-day trading on Monday, hitting $157.13. 5,317,408 shares of the company's stock were exchanged, compared to its average volume of 6,537,981. The firm has a market capitalization of $368.07 billion, a P/E ratio of 24.14, a PEG ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week 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 company's 50 day simple moving average is $156.47 and its 200-day simple moving average is $162.40.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Insider Activity

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 11,638 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is currently owned by insiders.

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.