PYA Waltman Capital LLC Raises Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• PYA Waltman Capital increased its Procter & Gamble stake by 35.6% in the second quarter, owning 41,401 shares valued at approximately $6.1 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 11 Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $161.19.
• Procter & Gamble exceeded quarterly earnings expectations with EPS of $1.43, while revenue rose 1.5% year over year to $21.2 billion. The company also pays a quarterly dividend of $1.0885 per share, representing a 2.9% yield.

PYA Waltman Capital LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,401 shares of the company's stock after buying an additional 10,868 shares during the quarter. Procter & Gamble accounts for about 1.5% of PYA Waltman Capital LLC's holdings, making the stock its 17th biggest holding. PYA Waltman Capital LLC's holdings in Procter & Gamble were worth $6,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in PG. BlackRock Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $27,862,105,000. Norges Bank purchased a new stake in Procter & Gamble in the fourth quarter valued at approximately $4,664,783,000. Bank of America Corp DE acquired a new position in Procter & Gamble during the second quarter worth $3,850,628,000. Bank of New York Mellon Corp purchased a new position in shares of Procter & Gamble during the second quarter worth $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Procter & Gamble during the second quarter worth $1,480,650,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PG shares. Jefferies Financial Group boosted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Barclays increased their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Sanford C. Bernstein reissued a "market perform" rating and issued a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Stock Performance

Shares of PG stock opened at $147.69 on Thursday. The company has a market cap of $343.02 billion, a P/E ratio of 22.31, a PEG ratio of 3.63 and a beta of 0.39. The firm has a fifty day moving average price of $146.87 and a 200 day moving average price of $147.92. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were paid a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 2.9%. Procter & Gamble's payout ratio is presently 65.71%.

Insider Activity at Procter & Gamble

In related news, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider directly owned 26,989 shares of the company's stock, valued at $3,880,748.31. This trade represents a 7.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares of the company's stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,627 shares of company stock valued at $953,417 over the last three months. 0.20% of the stock is owned by corporate insiders.

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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