Vident Advisory LLC Purchases 53,570 Shares of Procter & Gamble Company (The) $PG

Key Points

• Vident Advisory LLC increased its holdings in Procter & Gamble by 52.9%, acquiring an additional 53,570 shares, bringing their total to 154,823 shares worth $26.39 million.
• Procter & Gamble's quarterly earnings surpassed expectations, with $1.48 earnings per share and revenue of $20.89 billion, representing a year-over-year increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share, yielding 2.7%, with a payout ratio of 64.98%.

Vident Advisory LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,823 shares of the company's stock after purchasing an additional 53,570 shares during the period. Vident Advisory LLC's holdings in Procter & Gamble were worth $26,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in Procter & Gamble during the fourth quarter valued at $31,000. 10Elms LLP bought a new position in Procter & Gamble during the fourth quarter valued at $34,000. Mizuho Securities Co. Ltd. grew its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares during the period. Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Finally, Quest 10 Wealth Builders Inc. lifted its position in shares of Procter & Gamble by 50.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after acquiring an additional 82 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.8%

NYSE PG opened at $155.63 on Friday. The stock's 50-day simple moving average is $156.59 and its two-hundred day simple moving average is $162.63. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $364.54 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 4.14 and a beta of 0.37.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 of this dividend was Friday, July 18th. Procter & Gamble's payout ratio is 64.98%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PG. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. Piper Sandler increased their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.12.

Insiders Place Their Bets

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble 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 $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company's stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble 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 completion of the transaction, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,181 shares of company stock worth $18,761,172. 0.18% of the stock is currently owned by corporate insiders.

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.

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