Northern Trust Corp Acquires 248,792 Shares of Procter & Gamble Company (The) $PG

Key Points

• Northern Trust Corp has increased its holdings in Procter & Gamble by 0.8% during the first quarter, now owning 29,644,000 shares valued at approximately $5.05 billion.
• Procter & Gamble recently reported earnings of $1.48 per share, exceeding analysts' estimates of $1.42, and experiencing a net revenue increase of 1.7% year-over-year.
• The company announced a quarterly dividend of $1.0568, resulting in an annualized yield of 2.7% and a payout ratio of 64.82%.

Northern Trust Corp increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,644,000 shares of the company's stock after acquiring an additional 248,792 shares during the period. Procter & Gamble comprises approximately 0.7% of Northern Trust Corp's holdings, making the stock its 17th largest position. Northern Trust Corp owned approximately 1.26% of Procter & Gamble worth $5,051,930,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PG. Cladis Investment Advisory LLC grew its position in Procter & Gamble by 5.2% in the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after purchasing an additional 236 shares during the period. FAS Wealth Partners Inc. grew its position in Procter & Gamble by 2.0% in the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the period. Benjamin Edwards Inc. grew its position in Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock worth $62,098,000 after purchasing an additional 199,258 shares during the period. Capital Investment Advisory Services LLC grew its position in Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares during the period. Finally, World Investment Advisors grew its position in Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.2160 during trading on Friday, reaching $158.5140. 5,796,582 shares of the stock traded hands, compared to its average volume of 7,597,930. The company has a market capitalization of $371.30 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 4.19 and a beta of 0.37. The business has a fifty day simple moving average of $156.79 and a two-hundred day simple moving average of $162.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate 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 was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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

Insider Buying and Selling

In other news, CEO Sundar G. Raman sold 9,554 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 319 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $50,169.13. Following the transaction, the chief accounting officer directly owned 1,704 shares in the company, valued at approximately $267,988.08. This trade represents a 15.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,181 shares of company stock worth $18,761,172 over the last three months. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of research analyst reports. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Raymond James Financial decreased their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, May 1st. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Finally, Bank of America dropped their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Company 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.