Emerald Investment Advisers LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,706 shares of the company's stock after selling 12,275 shares during the quarter. Emerald Investment Advisers LLC's holdings in Procter & Gamble were worth $6,116,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Life Insurance Co. lifted its holdings in Procter & Gamble by 2.2% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 105,504 shares of the company's stock worth $15,471,000 after purchasing an additional 2,252 shares during the last quarter. Concord Investment Counsel Inc. increased its position in Procter & Gamble by 7.6% during the second quarter. Concord Investment Counsel Inc. now owns 1,033 shares of the company's stock worth $141,000 after acquiring an additional 73 shares during the period. EP Wealth Advisors LLC raised its stake in Procter & Gamble by 44.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 217,039 shares of the company's stock worth $31,827,000 after purchasing an additional 66,848 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in Procter & Gamble by 25.7% in the 2nd quarter. Rakuten Securities Inc. now owns 857 shares of the company's stock valued at $126,000 after purchasing an additional 175 shares during the period. Finally, Burnham & Co LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at about $289,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Procter & Gamble Stock Down 0.3%
Shares of NYSE PG opened at $145.02 on Thursday. The stock has a 50-day moving average price of $147.41 and a two-hundred day moving average price of $148.42. The company has a market cap of $337.09 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 4.48 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. 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 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. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter last year, the business posted $1.48 earnings per share. The company's quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is currently 65.71%.
Insider Transactions at Procter & Gamble
In related news, CAO Matthew W. Janzaruk sold 359 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares of the company's stock, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Susan Street Whaley sold 2,238 shares of the firm's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company's stock, valued at $3,880,748.31. This trade represents a 7.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 6,627 shares of company stock worth $953,417. Company insiders own 0.20% of the company's stock.
Analyst Ratings Changes
PG has been the topic of several recent research reports. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Citigroup lowered their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Finally, Bank of America cut their target price on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $161.19.
Get Our Latest Stock Report on Procter & Gamble
Procter & Gamble Company Profile
(
Free Report)
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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