NBH Bank Invests $1.68 Million in Procter & Gamble Company (The) $PG

Key Points

• NBH Bank purchased 11,422 Procter & Gamble shares worth approximately $1.68 million during the second quarter. Institutional investors collectively own 65.77% of PG, with major holders including BlackRock, State Street and Geode Capital.
• Procter & Gamble reported quarterly EPS of $1.43, slightly exceeding analyst estimates, while revenue rose 1.5% year over year to $21.20 billion but fell short of expectations.
• The company maintains a quarterly dividend of $1.0885, or $4.35 annualized, representing a 3.0% yield. Analysts assign PG a consensus “Moderate Buy” rating with an average price target of $161.19, despite several recent target-price reductions.

NBH Bank purchased 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 SEC. The institutional investor purchased 11,422 shares of the company's stock, valued at approximately $1,675,000.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Procter & Gamble in the 2nd quarter valued at about $27,862,105,000. State Street Corp boosted its stake in shares of Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after buying an additional 984,102 shares during the period. Geode Capital Management LLC grew its position in Procter & Gamble by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock worth $8,962,689,000 after buying an additional 1,974,556 shares in the last quarter. Norges Bank acquired a new position in Procter & Gamble in the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock valued at $4,243,815,000 after acquiring an additional 1,091,091 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Whaley sold 2,238 shares of the business's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the sale, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. This 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. Insiders have sold a total of 6,627 shares of company stock worth $953,417 in the last ninety days. Company insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

NYSE PG opened at $146.29 on Friday. The firm's fifty day moving average price is $146.77 and its two-hundred day moving average price is $147.82. The stock has a market cap of $339.78 billion, a PE ratio of 22.10, a PEG ratio of 3.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble's revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PG shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. HSBC restated a "hold" rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Sanford C. Bernstein reiterated a "market perform" rating and set a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. Argus cut Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, 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. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $161.19.

About Procter & Gamble

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source