Daiichi Life Insurance Co. Ltd. Purchases 11,342 Shares of Procter & Gamble Company (The) $PG

Daiichi Life Insurance Co. Ltd. increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 199,556 shares of the company’s stock after purchasing an additional 11,342 shares during the period. Daiichi Life Insurance Co. Ltd.’s holdings in Procter & Gamble were worth $29,263,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PG. BlackRock Inc. purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $27,862,105,000. State Street Corp increased its holdings in Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after buying an additional 984,102 shares during the period. Geode Capital Management LLC raised its stake in Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock worth $8,962,689,000 after buying an additional 1,974,556 shares in the last quarter. Norges Bank bought a new position in Procter & Gamble in the fourth quarter worth approximately $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Procter & Gamble by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after buying an additional 1,091,091 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

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 transaction of $52,141.16. Following the sale, the chief accounting officer 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 can be accessed through the SEC website. Also, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares in the company, valued at $3,880,748.31. This 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 have sold a total of 6,627 shares of company stock valued at $953,417 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $145.02 on Thursday. The company has a 50 day moving average price of $147.41 and a 200 day moving average price of $148.42. The firm has a market capitalization of $337.09 billion, a P/E ratio of 21.91, a PEG ratio of 4.48 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. Procter & Gamble’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. Sell-side analysts expect that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. 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 65.71%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. HSBC restated a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. 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 research report on Thursday, July 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $161.19.

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.