Rehmann Capital Advisory Group lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 14.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,105 shares of the company’s stock after selling 6,440 shares during the period. Rehmann Capital Advisory Group’s holdings in Procter & Gamble were worth $5,733,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC raised its position in shares of Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after purchasing an additional 171 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Procter & Gamble during the 2nd quarter valued at approximately $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble during the 4th quarter valued at approximately $26,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Insider Activity
In other news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were 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 in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 2,238 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This trade represents 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. Insiders sold 6,627 shares of company stock worth $953,417 over the last three months. Corporate insiders own 0.20% of the company’s stock.
Procter & Gamble Stock Up 0.5%
Procter & Gamble (NYSE:PG – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.98 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 paid a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.71%.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Tariff recovery improves cash flow: P&G recovered approximately $100 million in tariffs it had previously paid after those charges were ruled illegal. The reimbursement should provide a modest financial benefit and removes some cost pressure. P&G has gotten back $100M in Trump tariffs it paid
- Positive Sentiment: Dividend appeal remains strong: Recent commentary highlights PG’s roughly 3% yield, long record of annual dividend increases and potential for compounding income over time. The stock continues to be viewed as a defensive holding for retirees and long-term dividend investors. Why P&G’s 3% Yield Could Matter More to Long-Term Dividend Investors
- Positive Sentiment: Defensive positioning: Analysts and investing publications continue to recommend P&G as a dependable consumer-staples dividend stock, citing its brand portfolio, productivity efforts, innovation and robust cash returns. The Best Dividend Stock for 2027 and Beyond: Procter & Gamble
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. BMO Capital Markets increased their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Barclays increased their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.19.
Read Our Latest Stock Analysis on Procter & Gamble
About Procter & Gamble
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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