Old Mission Investment Co LLC Takes Position in Procter & Gamble Company (The) $PG

Key Points

• Old Mission Investment Co. LLC acquired 21,024 Procter & Gamble shares worth approximately $3.08 million in the second quarter, making PG its 29th-largest holding. Institutional investors and hedge funds collectively own 65.77% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.19; ratings include 13 Buys and 11 Holds.
• Procter & Gamble beat quarterly EPS estimates with $1.43 per share, reported $21.20 billion in revenue, and pays a quarterly dividend of $1.0885, equivalent to a 3.0% yield.

Old Mission Investment Co LLC acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,024 shares of the company's stock, valued at approximately $3,083,000. Procter & Gamble makes up approximately 0.6% of Old Mission Investment Co LLC's portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Montgomery Financial Services LLC purchased a new stake in shares of Procter & Gamble during the second quarter valued at $28,000. OceanIQ Capital LLC purchased a new position in Procter & Gamble in the 2nd quarter worth about $696,000. Highland Investment Advisors LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $82,000. Timbuktu Capital Management LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $66,000. Finally, Blalock Williams LLC lifted its stake in Procter & Gamble by 8.5% during the second quarter. Blalock Williams LLC now owns 4,281 shares of the company's stock valued at $628,000 after buying an additional 336 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Bank of America reduced their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research report on Friday, July 10th. Barclays raised their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reissued an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Finally, Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Price Performance

NYSE PG opened at $146.29 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market capitalization of $339.78 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.65 and a beta of 0.39. The company has a 50 day simple moving average of $146.77 and a 200-day simple moving average of $147.82. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

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

Procter & Gamble Announces Dividend

The business 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 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is currently 65.71%.

Insider Transactions at Procter & Gamble

In related news, insider Marc Pritchard sold 4,030 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Procter & Gamble stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the sale, the insider directly owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is owned by insiders.

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.

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