Talbot Financial LLC Raises Holdings in Procter & Gamble Company (The) $PG

Key Points

• Talbot Financial LLC increased its holdings in Procter & Gamble by 28.5% during the second quarter, bringing its total shares to 88,470 valued at approximately $14.1 million.
• Procter & Gamble reported earnings of $1.48 EPS for the latest quarter, exceeding analysts' estimates and showing a 1.7% year-over-year revenue increase to $20.89 billion.
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, yielding 2.8%, with a payout ratio of 64.98%.

Talbot Financial LLC grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 28.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,470 shares of the company's stock after buying an additional 19,636 shares during the period. Talbot Financial LLC's holdings in Procter & Gamble were worth $14,095,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its holdings in Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock worth $11,832,680,000 after purchasing an additional 76,017,350 shares in the last quarter. Nuveen LLC purchased a new stake in Procter & Gamble during the 1st quarter worth about $1,954,941,000. Price T Rowe Associates Inc. MD lifted its holdings in Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after purchasing an additional 2,466,308 shares in the last quarter. Invesco Ltd. lifted its holdings in Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after purchasing an additional 2,228,151 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Procter & Gamble by 140.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,663,246 shares of the company's stock worth $453,870,000 after purchasing an additional 1,555,504 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $152.19 on Friday. 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 market capitalization of $356.20 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. The business's 50-day moving average price is $155.51 and its 200-day moving average price is $160.00. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 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 analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CFO Andre Schulten sold 11,638 shares of the firm'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 $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of the firm'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 value of $1,548,952.23. Following the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last quarter. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PG. BNP Paribas reissued an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a report on Saturday, September 27th. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. Barclays lowered their price target on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $173.11.

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.

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.