Proficio Capital Partners LLC Invests $1.56 Million in Procter & Gamble Company (The) $PG

Proficio Capital Partners LLC purchased a new position in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,645 shares of the company’s stock, valued at approximately $1,561,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. grew 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 purchasing an additional 150 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the second quarter valued at about $26,000. Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at about $26,000. Park Square Financial Group LLC boosted its holdings in shares of Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock valued at $26,000 after buying an additional 71 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its position 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 buying an additional 171 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Trading Up 0.4%

Shares of Procter & Gamble stock opened at $143.71 on Friday. The firm has a 50-day simple moving average of $147.11 and a two-hundred day simple moving average of $148.28. The company has a market cap of $334.04 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 4.43 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 company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68.

Procter & Gamble (NYSE:PG) last released its quarterly 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 firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 2,238 shares of the firm’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 directly owned 26,989 shares in the company, valued at $3,880,748.31. This trade represents a 7.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the business’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 $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. 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 three months, insiders sold 6,627 shares of company stock worth $953,417. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research report on Monday, August 24th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. BMO Capital Markets upped their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Citigroup decreased their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.19.

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.