5,099 Shares of Procter & Gamble Company (The) $PG Bought by Greg Jennings LLC

Greg Jennings LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,099 shares of the company’s stock, valued at approximately $741,000.

Several other large investors have also modified their holdings of PG. BlackRock Inc. bought a new stake in Procter & Gamble in the second quarter valued at about $27,862,105,000. Bank of America Corp DE bought a new position in Procter & Gamble during the 2nd quarter worth approximately $3,850,628,000. Bank of New York Mellon Corp bought a new position in Procter & Gamble during the 2nd quarter worth approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Procter & Gamble during the 2nd quarter worth approximately $1,480,650,000. Finally, Auto Owners Insurance Co grew its position in shares of Procter & Gamble by 14,231.0% in the 4th quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after acquiring an additional 3,524,876 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of the firm’s 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 sale, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. This trade represents 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, CEO Paul Gama sold 2,225 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total value of $323,381.50. Following the sale, the chief executive officer directly owned 51,124 shares in the company, valued at approximately $7,430,362.16. This trade represents a 4.17% decrease in their position. 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. Insiders sold a total of 15,135 shares of company stock worth $2,189,970 over the last three months. Insiders own 0.23% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG traded down $1.76 during trading hours on Monday, hitting $157.59. The company had a trading volume of 10,076,222 shares, compared to its average volume of 9,702,124. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The firm has a market cap of $366.02 billion, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 3.96 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a fifty day simple moving average of $146.88 and a 200-day simple moving average of $146.53.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The company 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 company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Fourteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.20.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.