Transamerica Financial Advisors LLC Buys New Shares in Procter & Gamble Company (The) $PG

Transamerica Financial Advisors LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, HoldingsChannel reports. The institutional investor acquired 10,787 shares of the company’s stock, valued at approximately $1,582,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new position in Procter & Gamble during the second quarter valued at approximately $335,908,000. Palogic Value Management L.P. bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $1,741,000. Perennial Investment Advisors LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $661,000. Philadelphia Investment Partners LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth $181,000. Finally, Pingora Partners LLC bought a new stake in Procter & Gamble during the second quarter valued at about $577,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

PG stock opened at $143.71 on Friday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The firm has a market cap of $334.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. The business’s fifty day simple moving average is $147.11 and its two-hundred day simple moving average is $148.28. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $1.48 EPS. Procter & Gamble’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. Analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Analysts Set New Price Targets

PG has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Bank of America dropped their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research note on Monday, August 24th. Finally, HSBC reissued a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $161.19.

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 359 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was 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 of the company’s stock, valued at $184,600.04. This represents a 22.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 2,238 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 transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company’s stock, valued at $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 6,627 shares of company stock valued at $953,417. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Company 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.