Procter & Gamble Company (The) $PG Shares Acquired by First Pacific Financial

Key Points

• First Pacific Financial significantly increased its holdings in Procter & Gamble by 2,175.8% during Q2, resulting in ownership of 22,690 shares worth approximately $3.6 million.
• Procter & Gamble reported a quarterly revenue of $20.89 billion, exceeding expectations, and earnings per share of $1.48, beating the consensus estimate by $0.06.
• The company recently announced a quarterly dividend of $1.0568 per share, reflecting an annualized dividend of $4.23 and a yield of 2.8%.

First Pacific Financial raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2,175.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,690 shares of the company's stock after acquiring an additional 21,693 shares during the quarter. First Pacific Financial's holdings in Procter & Gamble were worth $3,615,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of 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 buying an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. lifted its position in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its stake in Procter & Gamble by 1,043.6% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,075 shares of the company's stock valued at $183,000 after acquiring an additional 981 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Procter & Gamble by 10.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 39,968 shares of the company's stock worth $6,811,000 after purchasing an additional 3,737 shares during the last quarter. Finally, Apella Capital LLC increased its position in shares of Procter & Gamble by 23.8% during the first quarter. Apella Capital LLC now owns 14,462 shares of the company's stock worth $2,347,000 after purchasing an additional 2,783 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.4%

Shares of Procter & Gamble stock opened at $152.97 on Thursday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a market cap of $358.03 billion, a P/E ratio of 23.50, a PEG ratio of 4.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a fifty day moving average of $155.77 and a two-hundred day moving average of $160.29.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,181 shares of company stock worth $18,918,012. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PG. Wells Fargo & Company decreased their target price on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, BNP Paribas reissued an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $173.11.

About Procter & Gamble

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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.