Procter & Gamble Company (The) $PG Position Increased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,933,193 shares of the company's stock after buying an additional 190,499 shares during the quarter. HighTower Advisors LLC owned approximately 0.13% of Procter & Gamble worth $430,123,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in 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 stake in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after purchasing an additional 1,016 shares in the last quarter. Auxano Advisors LLC boosted its position in shares of Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after buying an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. boosted its position in shares of Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after buying an additional 809 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Matthew Janzaruk sold 359 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc Pritchard sold 4,030 shares of the firm's stock in a transaction that occurred 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 directly 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 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 quarter, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the topic of several recent analyst reports. Barclays upped their price target on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. BMO Capital Markets raised their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a research report on Monday, June 29th. Jefferies Financial Group lifted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped 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. Finally, Bank of America decreased their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a report on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.19.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $146.29 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The business has a fifty day simple moving average of $146.77 and a 200 day simple moving average of $147.73. The firm has a market cap of $339.78 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 3.64 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its 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. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The business's quarterly 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. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a $1.0885 dividend. 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%.

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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