3,853 Shares in Procter & Gamble Company (The) $PG Acquired by Hayek Kallen Investment Management

Hayek Kallen Investment Management purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,853 shares of the company’s stock, valued at approximately $565,000.

Several other institutional investors have also recently bought and sold shares of PG. BlackRock Inc. bought a new stake in shares of Procter & Gamble during the second quarter worth $27,862,105,000. Norges Bank bought a new position in shares of Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Bank of America Corp DE acquired a new position in Procter & Gamble during the 2nd quarter worth about $3,850,628,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble during the 2nd quarter worth about $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Procter & Gamble during the 2nd quarter worth about $1,480,650,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.0%

Shares of NYSE:PG opened at $143.71 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market cap of $334.04 billion, a price-to-earnings ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39. The company has a 50 day moving average of $147.11 and a 200-day moving average of $148.21. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the business posted $1.48 earnings per share. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is 65.71%.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. Barclays upped their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Thirteen investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.19.

View Our Latest Stock Report on PG

Insider Activity

In other news, CAO Matthew W. Janzaruk sold 359 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the sale, the insider directly owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 in the last 90 days. 0.20% of the stock is owned by company insiders.

Procter & Gamble Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.