TD Waterhouse Canada Inc. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 580,218 shares of the company’s stock after acquiring an additional 5,418 shares during the period. TD Waterhouse Canada Inc.’s holdings in Procter & Gamble were worth $85,606,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC raised its stake in shares of Procter & Gamble by 6.5% in the second quarter. Premier Path Wealth Partners LLC now owns 8,286 shares of the company’s stock worth $1,215,000 after acquiring an additional 507 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Procter & Gamble by 4.1% during the second quarter. Concurrent Investment Advisors LLC now owns 186,683 shares of the company’s stock valued at $27,375,000 after purchasing an additional 7,432 shares during the last quarter. NEOS Investment Management LLC increased its holdings in shares of Procter & Gamble by 10.5% in the second quarter. NEOS Investment Management LLC now owns 378,596 shares of the company’s stock valued at $55,517,000 after purchasing an additional 35,902 shares in the last quarter. Burford Brothers Inc. increased its holdings in shares of Procter & Gamble by 5.2% in the second quarter. Burford Brothers Inc. now owns 13,514 shares of the company’s stock valued at $1,982,000 after purchasing an additional 668 shares in the last quarter. Finally, AXQ Capital LP bought a new position in Procter & Gamble in the 2nd quarter worth approximately $1,744,000. Institutional investors own 65.77% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on PG. Barclays increased their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Bank of America dropped their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. HSBC reaffirmed a “hold” rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $161.19.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $146.86 on Friday. The firm has a fifty day moving average of $146.84 and a two-hundred day moving average of $147.83. The stock has a market capitalization of $341.11 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.67 and a beta of 0.39. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.
Insiders Place Their Bets
In related news, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the sale, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Whaley sold 2,238 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company’s stock.
Procter & Gamble Profile
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.
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