Woodline Partners LP Buys 61,957 Shares of Procter & Gamble Company (The) $PG

Key Points

• Woodline Partners LP increased its stake in Procter & Gamble Co (NYSE:PG) by 45.5%, purchasing an additional 61,957 shares, bringing its total holdings to 198,105 shares valued at $33.76 million.
• Procter & Gamble reported quarterly earnings of $1.48 EPS, exceeding analyst expectations of $1.42, with revenue of $20.89 billion.
• The company declared a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.6%.

Woodline Partners LP lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 45.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,105 shares of the company's stock after purchasing an additional 61,957 shares during the quarter. Woodline Partners LP's holdings in Procter & Gamble were worth $33,761,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PG. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. Quarry LP acquired a new position in shares of Procter & Gamble in the first quarter valued at $33,000. 10Elms LLP acquired a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Down 0.4%

Procter & Gamble stock traded down $0.61 during mid-day trading on Friday, hitting $158.02. The stock had a trading volume of 5,956,120 shares, compared to its average volume of 6,033,143. The stock has a 50-day simple moving average of $156.21 and a two-hundred day simple moving average of $161.90. The stock has a market capitalization of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last 90 days. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PG shares. BNP Paribas reiterated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $175.12.

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.