Procter & Gamble Company (The) $PG Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Procter & Gamble by 3.0% in the second quarter, now owning over 6 million shares valued at approximately $978.7 million.
• Procter & Gamble reported earnings per share (EPS) of $1.99 for the quarter, exceeding analysts' expectations of $1.90, with a revenue increase of 3.0% year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized dividend yield of 2.8%, with a dividend payout ratio of 64.82%.

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,142,944 shares of the company's stock after acquiring an additional 176,482 shares during the quarter. Procter & Gamble comprises approximately 0.6% of Sumitomo Mitsui Trust Group Inc.'s investment portfolio, making the stock its 22nd largest holding. Sumitomo Mitsui Trust Group Inc. owned about 0.26% of Procter & Gamble worth $978,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. West Michigan Advisors LLC increased its holdings in Procter & Gamble by 3.7% in the 2nd quarter. West Michigan Advisors LLC now owns 10,444 shares of the company's stock worth $1,664,000 after buying an additional 375 shares during the period. Moloney Securities Asset Management LLC increased its holdings in Procter & Gamble by 1.3% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 37,363 shares of the company's stock worth $5,953,000 after buying an additional 475 shares during the period. Jackson Hole Capital Partners LLC increased its holdings in Procter & Gamble by 3.8% in the 2nd quarter. Jackson Hole Capital Partners LLC now owns 16,539 shares of the company's stock worth $2,635,000 after buying an additional 598 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Procter & Gamble in the 2nd quarter worth approximately $626,000. Finally, R Squared Ltd purchased a new stake in Procter & Gamble in the 2nd quarter worth approximately $593,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.8%

Shares of PG opened at $153.37 on Friday. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The company has a market capitalization of $358.95 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 4.04 and a beta of 0.36. The stock has a fifty day simple moving average of $154.69 and a two-hundred day simple moving average of $158.44. 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 issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same period last year, the company earned $1.93 EPS. The company's revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid 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 (DPR) is 64.82%.

Insiders Place Their Bets

In related news, CFO Andre Schulten sold 4,252 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the sale, the chief financial officer directly owned 53,992 shares of the company's stock, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the transaction, the chief executive officer owned 61,764 shares of the company's stock, valued at $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on PG. UBS Group lowered their price objective on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Evercore ISI reiterated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays decreased their target price on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 1st. BNP Paribas Exane decreased their target price on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Finally, Raymond James Financial decreased their target price on Procter & Gamble from $185.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.68.

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.

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.