Procter & Gamble Company (The) $PG Shares Purchased by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. increased its stake in Procter & Gamble by 13.0%, acquiring an additional 2,466,308 shares to own about 0.92% of the company, valued at $3.66 billion.
• Multiple analysts have rated Procter & Gamble as a Moderate Buy, with a consensus target price of $175.94, while its recent quarterly earnings surpassed expectations.
• The company declared a quarterly dividend of $1.0568, resulting in an annualized yield of 2.7%, with a dividend payout ratio of 64.82%.

Price T Rowe Associates Inc. MD increased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,480,670 shares of the company's stock after buying an additional 2,466,308 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.92% of Procter & Gamble worth $3,660,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PG. Candriam S.C.A. grew its holdings in shares of Procter & Gamble by 4.4% during the 1st quarter. Candriam S.C.A. now owns 1,312,540 shares of the company's stock worth $223,683,000 after purchasing an additional 54,871 shares during the period. Sandhill Capital Partners LLC lifted its position in Procter & Gamble by 0.9% during the first quarter. Sandhill Capital Partners LLC now owns 39,708 shares of the company's stock valued at $6,767,000 after buying an additional 341 shares in the last quarter. TFB Advisors LLC grew its stake in Procter & Gamble by 0.6% during the first quarter. TFB Advisors LLC now owns 19,678 shares of the company's stock worth $3,354,000 after buying an additional 110 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in shares of Procter & Gamble by 1.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 56,203 shares of the company's stock worth $9,578,000 after acquiring an additional 611 shares in the last quarter. Finally, GM Advisory Group LLC raised its stake in shares of Procter & Gamble by 0.6% in the 1st quarter. GM Advisory Group LLC now owns 15,333 shares of the company's stock valued at $2,613,000 after acquiring an additional 95 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Bank of America decreased their target price on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Morgan Stanley set a $180.00 price target on Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 319 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $50,169.13. Following the sale, the chief accounting officer owned 1,704 shares in the company, valued at $267,988.08. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,837 shares of company stock valued at $14,285,935 over the last 90 days. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Up 0.6%

PG stock opened at $159.4180 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a 50 day simple moving average of $156.91 and a 200-day simple moving average of $163.11. The company has a market capitalization of $373.42 billion, a P/E ratio of 24.49, a PEG ratio of 4.18 and a beta of 0.37. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.82%.

Procter & Gamble 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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