Murphy Middleton Hinkle & Parker Inc. Boosts Holdings in Procter & Gamble Company (The) $PG

Key Points

• Murphy Middleton Hinkle & Parker increased its Procter & Gamble stake by 70.4% in the second quarter to 28,748 shares valued at approximately $4.2 million. Institutional investors collectively own 65.77% of PG.
• P&G’s latest quarterly results beat earnings expectations, with EPS of $1.43 versus the $1.41 consensus, while revenue rose 1.5% year over year to $21.2 billion. The company pays an annualized dividend of $4.35 per share, yielding about 3.0%.
• The stock trades near $145.86, below the analyst consensus price target of $161.19; analysts maintain a “Moderate Buy” consensus. Recent insider activity was weighted toward sales, including transactions by two insiders.

Murphy Middleton Hinkle & Parker Inc. raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 70.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,748 shares of the company's stock after acquiring an additional 11,878 shares during the quarter. Procter & Gamble makes up 1.7% of Murphy Middleton Hinkle & Parker Inc.'s holdings, making the stock its 17th biggest position. Murphy Middleton Hinkle & Parker Inc.'s holdings in Procter & Gamble were worth $4,216,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PG. Baxter Bros Inc. purchased a new stake in Procter & Gamble during the second quarter valued at about $12,381,000. Empowered Funds LLC purchased a new position in shares of Procter & Gamble in the second quarter worth about $53,549,000. Cibc World Market Inc. raised its position in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock valued at $73,351,000 after purchasing an additional 147,701 shares during the period. World Investment Advisors lifted its stake in shares of Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock valued at $15,179,000 after buying an additional 14,492 shares in the last quarter. Finally, Resources Management Corp CT ADV boosted its holdings in Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after buying an additional 24,010 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Tariff recovery improves cash flow: P&G recovered approximately $100 million in tariffs it had previously paid after those charges were ruled illegal. The reimbursement should provide a modest financial benefit and removes some cost pressure. P&G has gotten back $100M in Trump tariffs it paid
• Positive Sentiment: Dividend appeal remains strong: Recent commentary highlights PG’s roughly 3% yield, long record of annual dividend increases and potential for compounding income over time. The stock continues to be viewed as a defensive holding for retirees and long-term dividend investors. Why P&G’s 3% Yield Could Matter More to Long-Term Dividend Investors
• Positive Sentiment: Defensive positioning: Analysts and investing publications continue to recommend P&G as a dependable consumer-staples dividend stock, citing its brand portfolio, productivity efforts, innovation and robust cash returns. The Best Dividend Stock for 2027 and Beyond: Procter & Gamble

Insider Buying and Selling

In other news, CAO Matthew W. Janzaruk sold 359 shares of the 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 transaction, the chief accounting officer owned 1,271 shares of the company's stock, valued at $184,600.04. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 2,238 shares of the firm's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the sale, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their position. 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 three months, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company's stock.

Procter & Gamble Stock Up 0.5%

PG opened at $145.86 on Wednesday. The company has a fifty day moving average price of $146.96 and a 200-day moving average price of $148.02. The firm has a market capitalization of $338.78 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 4.47 and a beta of 0.39. 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.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (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 the consensus estimate of $21.38 billion. During the same quarter last year, the business posted $1.48 earnings per share. The firm's revenue 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. Equities research analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. 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 presently 65.71%.

Analyst Upgrades and Downgrades

PG has been the topic of a number of analyst reports. Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a report on Wednesday, August 19th. HSBC reiterated a "hold" rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. BMO Capital Markets increased their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Finally, Barclays lifted their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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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