Public Employees Retirement System of Ohio Invests $130.28 Million in Procter & Gamble Company (The) $PG

Public Employees Retirement System of Ohio acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 888,463 shares of the company’s stock, valued at approximately $130,284,000.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Brighton Jones LLC raised its stake in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. grew its stake in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after buying an additional 1,016 shares in the last quarter. Auxano Advisors LLC raised its position in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock valued at $4,809,000 after acquiring an additional 809 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

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

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $143.71 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. 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 stock’s fifty day moving average price is $147.11 and its two-hundred day moving average price is $148.28. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 31.36% and a net margin of 18.44%.The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued 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 yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PG shares. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. cut their target price 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. Citigroup reduced their price target on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. Finally, HSBC restated a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Thirteen investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $161.19.

Procter & Gamble 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.