Procter & Gamble Company (The) $PG Shares Bought by Hamlin Capital Management LLC

Key Points

• Hamlin Capital Management LLC increased its position in Procter & Gamble by 2.6% in Q2, owning over 1 million shares valued at approximately $175 million.
• Procter & Gamble's latest quarterly earnings exceeded estimates, with a reported $1.48 earnings per share and revenue of $20.89 billion, representing a 1.7% year-over-year growth.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized dividend yield of 2.8% and a payout ratio of 64.82%.

Hamlin Capital Management LLC raised its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,098,366 shares of the company's stock after purchasing an additional 27,393 shares during the quarter. Procter & Gamble comprises 4.1% of Hamlin Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Hamlin Capital Management LLC's holdings in Procter & Gamble were worth $174,992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PG. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. boosted its holdings in Procter & Gamble by 10.6% in 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 last quarter. GAMMA Investing LLC boosted its holdings in Procter & Gamble by 22.4% in the 1st quarter. GAMMA Investing LLC now owns 46,658 shares of the company's stock valued at $7,951,000 after purchasing an additional 8,537 shares during the last quarter. Summit Wealth Group LLC boosted its holdings in Procter & Gamble by 11.2% in the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company's stock valued at $1,267,000 after purchasing an additional 752 shares during the last quarter. Finally, ORG Wealth Partners LLC raised its stake in shares of Procter & Gamble by 28.3% in the 1st quarter. ORG Wealth Partners LLC now owns 3,600 shares of the company's stock valued at $615,000 after acquiring an additional 794 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, CFO Andre Schulten sold 4,252 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares of the company's stock, valued at approximately $8,219,202.16. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the sale, the chief executive officer directly owned 61,764 shares in the company, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock worth $23,421,279. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

Shares of PG opened at $151.53 on Friday. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43. The firm's 50 day moving average price is $154.92 and its 200 day moving average price is $158.84. The company has a market cap of $354.66 billion, a P/E ratio of 23.28, a PEG ratio of 3.97 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the firm earned $1.40 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is currently 64.82%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research analyst reports. Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Barclays reduced their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. BNP Paribas reissued an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.21.

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.

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