19,804 Shares in Procter & Gamble Company (The) $PG Acquired by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 19,804 shares of the company’s stock, valued at approximately $2,904,000.

Several other institutional investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. acquired a new position in Procter & Gamble during the 2nd quarter valued at about $202,000. 49 Wealth Management LLC bought a new position in Procter & Gamble in the 2nd quarter worth approximately $302,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $1,928,000. Twin Lakes Capital Management LLC acquired a new position in Procter & Gamble during the 2nd quarter worth $464,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at $941,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 359 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. The trade was a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Street Whaley sold 2,238 shares of the company’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 sale, 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. 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. In the last ninety days, insiders have sold 6,627 shares of company stock valued at $953,417. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PG. BMO Capital Markets raised their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. HSBC restated 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. Citigroup decreased their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.19.

Procter & Gamble Stock Down 0.0%

Shares of Procter & Gamble stock opened at $143.71 on Monday. The stock has a 50-day simple moving average of $147.11 and a 200-day simple moving average of $148.21. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The firm 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. 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 posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’s 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 research analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.