Proficio Capital Partners LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 306.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,645 shares of the company’s stock after acquiring an additional 8,023 shares during the period. Proficio Capital Partners LLC’s holdings in Procter & Gamble were worth $1,561,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PG. BlackRock Inc. purchased a new position in Procter & Gamble in the second quarter valued at about $27,862,105,000. Norges Bank acquired a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $4,664,783,000. Bank of America Corp DE purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp bought a new stake in shares of Procter & Gamble in the second quarter worth $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Procter & Gamble in the second quarter worth $1,480,650,000. 65.77% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Procter & Gamble
In other news, 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 transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was 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 $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,627 shares of company stock worth $953,417 over the last ninety days. Company insiders own 0.20% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on Procter & Gamble
Procter & Gamble Stock Up 0.5%
PG stock opened at $145.86 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The firm has a fifty day moving average price of $146.96 and a two-hundred day moving average price of $148.02. The firm has a market cap of $338.78 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 4.47 and a beta of 0.39.
Procter & Gamble (NYSE:PG – Get Free Report) last issued 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. 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 analysts’ expectations of $21.38 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’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. Research analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.
Procter & Gamble Announces Dividend
The firm also recently announced 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 dividend payout ratio (DPR) is currently 65.71%.
Procter & Gamble News Summary
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
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.
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