Procter & Gamble Company (The) $PG Shares Acquired by Ally Financial Inc.

Key Points

• Ally Financial increased its Procter & Gamble stake by 38.9% in the second quarter, bringing its holdings to 50,000 shares worth approximately $7.3 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly earnings of $1.43 per share, beating estimates of $1.41, while revenue rose 1.5% year over year to $21.20 billion but fell short of forecasts.
• PG shares were trading at $143.18, down 1.3%, while the company maintained its quarterly dividend of $1.0885 per share, equivalent to a 3.0% annualized yield. Analysts give the stock a “Moderate Buy” rating with a consensus price target of $161.19.

Ally Financial Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 38.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,000 shares of the company's stock after acquiring an additional 14,000 shares during the quarter. Procter & Gamble comprises 0.9% of Ally Financial Inc.'s investment portfolio, making the stock its 24th biggest position. Ally Financial Inc.'s holdings in Procter & Gamble were worth $7,332,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $27,862,105,000. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $4,664,783,000. Bank of New York Mellon Corp purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $1,480,650,000. Finally, Cardano Risk Management B.V. increased its position in Procter & Gamble by 1,104.8% during the fourth quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after purchasing an additional 8,731,126 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.3%

NYSE PG opened at $143.18 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market cap of $332.81 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 4.47 and a beta of 0.39. The firm has a 50 day simple moving average of $147.25 and a 200-day simple moving average of $148.31. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping 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 business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company's revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is 65.71%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of analyst reports. Bank of America reduced their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada restated an "outperform" rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Barclays lifted their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Jefferies Financial Group increased their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.19.

Insiders Place Their Bets

In related news, insider Susan Street Whaley sold 2,238 shares of the business's stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 Marc S. Pritchard sold 4,030 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,627 shares of company stock worth $953,417 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

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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