Procter & Gamble Company (The) $PG Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 22.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,467,523 shares of the company’s stock after selling 1,857,776 shares during the period. Wellington Management Group LLP owned approximately 0.28% of Procter & Gamble worth $948,398,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. BMO Capital Markets increased their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Finally, Bank of America decreased their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $161.19.

Check Out Our Latest Report on Procter & Gamble

Insider Activity

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction 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 represents a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 2,238 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider directly owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This 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. In the last three months, insiders sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE:PG opened at $143.71 on Monday. The firm has a 50-day moving average of $147.11 and a two-hundred day moving average of $148.21. 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 P/E ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

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

Procter & Gamble Dividend Announcement

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

Procter & Gamble Company 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

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

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