Empowered Funds LLC Raises Stake in Procter & Gamble Company (The) $PG

Key Points

• Empowered Funds LLC increased its stake in Procter & Gamble by 13.4% in Q1, raising its holdings to 183,691 shares valued at approximately $31.3 million.
• Several institutional investors, such as AAF Wealth Management LLC and Ascent Group LLC, also increased their stakes in Procter & Gamble during the same period, reflecting strong interest from institutional investors.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.7% and a payout ratio of 64.82%.

Empowered Funds LLC raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,691 shares of the company's stock after acquiring an additional 21,758 shares during the quarter. Procter & Gamble makes up about 0.4% of Empowered Funds LLC's holdings, making the stock its 24th biggest holding. Empowered Funds LLC's holdings in Procter & Gamble were worth $31,305,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. AAF Wealth Management LLC lifted its position in shares of Procter & Gamble by 10.7% during the 1st quarter. AAF Wealth Management LLC now owns 1,610 shares of the company's stock worth $274,000 after buying an additional 155 shares during the last quarter. HFM Investment Advisors LLC acquired a new position in shares of Procter & Gamble in the 1st quarter valued at $182,000. MBB Public Markets I LLC acquired a new position in Procter & Gamble in the 1st quarter valued at $307,000. Ascent Group LLC increased its stake in Procter & Gamble by 6.2% in the 1st quarter. Ascent Group LLC now owns 71,069 shares of the company's stock valued at $12,112,000 after buying an additional 4,127 shares during the period. Finally, RNC Capital Management LLC increased its stake in Procter & Gamble by 3.7% in the 1st quarter. RNC Capital Management LLC now owns 6,540 shares of the company's stock valued at $1,115,000 after buying an additional 236 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PG. Wells Fargo & Company lowered their price target on shares of 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 reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Evercore ISI reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $175.12.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $159.12 on Tuesday. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The stock has a market capitalization of $372.42 billion, a P/E ratio of 24.44, a P/E/G ratio of 4.22 and a beta of 0.36. The firm's 50-day moving average is $156.41 and its two-hundred day moving average is $162.14. 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 released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the company earned $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. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.82%.

Procter & Gamble Company 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.

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