First National Bank of Omaha Purchases New Shares in Procter & Gamble Company (The) $PG

First National Bank of Omaha acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 120,545 shares of the company's stock, valued at approximately $17,788,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Procter & Gamble in the second quarter worth $27,862,105,000. Norges Bank bought a new stake in Procter & Gamble during the fourth quarter worth about $4,664,783,000. Bank of New York Mellon Corp acquired a new stake in Procter & Gamble during the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Procter & Gamble during the second quarter worth about $1,480,650,000. Finally, Cardano Risk Management B.V. raised its position in shares of Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock valued at $1,364,518,000 after buying an additional 8,731,126 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a "market perform" rating and a $156.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $163.00 target price on shares of Procter & Gamble in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a report on Thursday, July 16th. Jefferies Financial Group boosted their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, HSBC restated a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Stock Up 1.3%

NYSE:PG opened at $144.77 on Friday. The firm's 50 day simple moving average is $147.73 and its 200 day simple moving average is $148.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a market cap of $336.51 billion, a PE ratio of 21.87, a P/E/G ratio of 4.46 and a beta of 0.39.

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

Procter & Gamble Dividend Announcement

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

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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