Rep. Lloyd Doggett Purchases Shares of The Procter & Gamble Company (NYSE:PG)

Representative Lloyd Doggett (D-Texas) recently bought shares of The Procter & Gamble Company NYSE: PG. In a filing disclosed on June 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Procter & Gamble stock on May 15th.

Representative Lloyd Doggett also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Coca-Cola NYSE: KO on 4/1/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of PPG Industries NYSE: PPG on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 3/10/2025.

Procter & Gamble Price Performance

Shares of PG stock traded up $1.21 during trading hours on Friday, hitting $164.01. The company's stock had a trading volume of 5,692,762 shares, compared to its average volume of 7,335,112. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The Procter & Gamble Company has a twelve month low of $156.58 and a twelve month high of $180.43. The stock has a market cap of $384.53 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 3.76 and a beta of 0.43. The business has a fifty day moving average of $164.01 and a 200-day moving average of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.01. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. Procter & Gamble's quarterly revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts anticipate that The Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 dividend on an annualized basis and a yield of 2.58%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is presently 66.98%.

Institutional Investors Weigh In On Procter & Gamble

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewSquare Capital LLC grew its position in Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company's stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the 1st quarter valued at $26,000. Navigoe LLC purchased a new stake in Procter & Gamble during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth $31,000. Finally, Hoey Investments Inc. grew its stake in shares of Procter & Gamble by 321.7% during the fourth quarter. Hoey Investments Inc. now owns 194 shares of the company's stock valued at $33,000 after acquiring an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PG. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $181.00 to $172.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Morgan Stanley set a $180.00 price objective on Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Finally, Truist Financial reduced their target price on Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $178.86.

Insider Activity

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the transaction, the insider now owns 25,182 shares of the company's stock, valued at $3,995,627.94. This trade represents a 29.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 1,000 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the transaction, the chief executive officer now owns 51,965 shares of the company's stock, valued at approximately $8,386,111.70. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

About Representative Doggett

Lloyd Doggett (Democratic Party) is a member of the U.S. House, representing Texas' 37th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Doggett (Democratic Party) is running for re-election to the U.S. House to represent Texas' 37th Congressional District. He declared candidacy for the 2026 election. Lloyd Doggett was born in Austin, Texas. Doggett graduated from Austin High School in 1964. He earned a B.A. from the University of Texas at Austin in 1967 and a J.D. from the University of Texas in 1970. Doggett's career experience includes working as an adjunct professor with the University of Texas School of Law. In the 116th Congress, Doggett served on the House Ways & Means Committee, and he co-founded the House Prescription Drug Taskforce.

Procter & Gamble Company 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.