Equitable Holdings Inc. Makes New Investment in Procter & Gamble Company (The) $PG

Equitable Holdings Inc. acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 86,072 shares of the company's stock, valued at approximately $12,622,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carson Advisory Inc. grew its stake in Procter & Gamble by 0.5% in the fourth quarter. Carson Advisory Inc. now owns 12,124 shares of the company's stock worth $1,738,000 after purchasing an additional 65 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Procter & Gamble by 1.8% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 3,829 shares of the company's stock valued at $549,000 after buying an additional 67 shares during the period. Cowa LLC lifted its position in Procter & Gamble by 2.4% during the fourth quarter. Cowa LLC now owns 2,985 shares of the company's stock valued at $428,000 after buying an additional 70 shares during the period. KLCM Advisors Inc. boosted its holdings in shares of Procter & Gamble by 0.9% during the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company's stock valued at $1,140,000 after buying an additional 70 shares in the last quarter. Finally, Park Square Financial Group LLC grew its position in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.4%

Shares of Procter & Gamble stock opened at $143.71 on Friday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company's fifty day simple moving average is $147.11 and its 200-day simple moving average is $148.28. 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 stock has a market capitalization of $334.04 billion, a PE ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39.

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

Procter & Gamble Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 2,238 shares of the company's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 owned 1,271 shares of the company's stock, valued at $184,600.04. The trade was a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PG. BMO Capital Markets raised their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Argus downgraded Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Citigroup lowered their price objective on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group boosted their target price on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.

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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