North Star Asset Management Inc. Acquires Shares of 16,273 Procter & Gamble Company (The) $PG

North Star Asset Management Inc. acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,273 shares of the company’s stock, valued at approximately $2,386,000.

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

Procter & Gamble Trading Down 0.0%

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

Procter & Gamble (NYSE:PG) last issued its quarterly 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. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. During the same period last year, the company earned $1.48 EPS. Procter & Gamble’s quarterly 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, equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 359 shares of the business’s 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 2,238 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was 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. Over the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PG shares. Barclays boosted their target price 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. Jefferies Financial Group raised their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. HSBC reiterated a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target 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.