Nan Shan Life Insurance Co. Ltd. Acquires 119,342 Shares of Procter & Gamble Company (The) $PG

Key Points

• Nan Shan Life Insurance increased its Procter & Gamble stake by 69.1% in the second quarter, purchasing 119,342 additional shares and bringing its holdings to 292,168 shares valued at approximately $42.8 million.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding analysts’ $1.41 estimate, while revenue rose 1.5% year over year to $21.2 billion but fell short of expectations.
• The company’s quarterly dividend is $1.0885 per share, equivalent to a 2.9% yield and a $4.35 annualized payout. Analysts give PG a “Moderate Buy” consensus rating with an average price target of $161.19.

Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 69.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,168 shares of the company's stock after buying an additional 119,342 shares during the period. Procter & Gamble comprises 1.4% of Nan Shan Life Insurance Co. Ltd.'s holdings, making the stock its 28th largest position. Nan Shan Life Insurance Co. Ltd.'s holdings in Procter & Gamble were worth $42,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its position in Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock worth $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after acquiring an additional 1,016 shares during the period. Auxano Advisors LLC raised its holdings in shares of Procter & Gamble by 10.8% in the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after purchasing an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in Procter & Gamble by 2.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock valued at $4,809,000 after purchasing an additional 809 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE PG opened at $147.69 on Thursday. The firm has a 50-day moving average price of $146.87 and a two-hundred day moving average price of $147.92. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a market capitalization of $343.02 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.63 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared 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. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is 65.71%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Barclays upped their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Royal Bank Of Canada restated an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $149.00 price target on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.19.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 4,030 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the sale, the insider owned 187,001 shares in the company, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The transaction 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 firm's stock in a transaction dated Monday, August 24th. The stock was 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 trade represents a 22.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,627 shares of company stock worth $953,417 in the last quarter. 0.20% of the stock is owned by insiders.

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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