Magnetar Financial LLC Makes New Investment in Procter & Gamble Company (The) $PG

Key Points

• Magnetar Financial LLC has acquired a new stake in Procter & Gamble valued at approximately $607,000 by purchasing 3,563 shares during the first quarter.
• Several hedge funds, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their holdings in Procter & Gamble, indicating growing institutional interest in the company.
• Procter & Gamble recently reported quarterly earnings of $1.48 per share, exceeding analysts' estimates, and announced a quarterly dividend of $1.0568 per share with a yield of 2.7%.

Magnetar Financial LLC purchased a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,563 shares of the company's stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $31,000. 10Elms LLP bought a new stake in Procter & Gamble in the fourth quarter valued at about $34,000. Mizuho Securities Co. Ltd. increased its holdings in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in Procter & Gamble in the fourth quarter valued at about $34,000. Finally, Quest 10 Wealth Builders Inc. increased its holdings in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after buying an additional 82 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last three months. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company lowered their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Finally, UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Procter & Gamble Stock Up 0.0%

Shares of PG traded up $0.03 during mid-day trading on Wednesday, reaching $158.02. The company's stock had a trading volume of 6,509,285 shares, compared to its average volume of 6,154,013. The business has a fifty day moving average of $156.40 and a 200 day moving average of $162.34. The company has a market cap of $370.13 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is 64.98%.

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.