Public Employees Retirement System of Ohio Makes New Investment in Procter & Gamble Company (The) $PG

Key Points

• Public Employees Retirement System of Ohio acquired 888,463 Procter & Gamble shares worth approximately $130.3 million in the second quarter. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates by $0.02, while revenue rose 1.5% year over year to $21.2 billion but fell short of expectations.
• The company pays an annualized dividend of $4.35 per share, yielding about 3.0%. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.19, compared with a recent share price of $143.71.

Public Employees Retirement System of Ohio acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 888,463 shares of the company's stock, valued at approximately $130,284,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PG. BlackRock Inc. acquired a new stake in Procter & Gamble in the second quarter worth about $27,862,105,000. State Street Corp lifted its holdings in Procter & Gamble by 1.0% in the fourth quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after buying an additional 984,102 shares during the period. Geode Capital Management LLC boosted its stake in Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the last quarter. Norges Bank bought a new position in Procter & Gamble in the fourth quarter valued at approximately $4,664,783,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock worth $4,243,815,000 after acquiring an additional 1,091,091 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG opened at $143.71 on Friday. The firm's 50 day moving average price is $147.11 and its two-hundred day moving average price is $148.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The firm has a market cap of $334.04 billion, a P/E ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts forecast 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. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend 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

A number of research analysts have recently weighed in on PG shares. Jefferies Financial Group increased their price target on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. BMO Capital Markets increased their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a research note on Monday, June 29th. Bank of America reduced their target price on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen equities research 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 presently has an average rating of "Moderate Buy" and an average target price of $161.19.

Insider Activity

In other news, insider Susan Street Whaley sold 2,238 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company's stock, valued at $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the transaction, the chief accounting officer owned 1,271 shares of the company's stock, valued at approximately $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,627 shares of company stock worth $953,417 over the last three months. Corporate insiders own 0.20% of the company's stock.

About Procter & Gamble

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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