Brooks Moore & Associates Inc. Takes $2.22 Million Position in Procter & Gamble Company (The) $PG

Brooks Moore & Associates Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, HoldingsChannel reports. The institutional investor bought 15,128 shares of the company’s stock, valued at approximately $2,219,000.

Several other hedge funds have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the last quarter. Park Square Financial Group LLC boosted its stake in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the last quarter. Evolution Wealth Management Inc. grew its position in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $26,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $26,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.0%

Procter & Gamble stock opened at $143.71 on Monday. The company’s 50 day simple moving average is $147.11 and its 200 day simple moving average is $148.21. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. 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. Insiders sold a total of 6,627 shares of company stock worth $953,417 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PG. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Thursday, July 16th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Citigroup reduced their price target on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Jefferies Financial Group lifted their price objective on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.19.

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.