Glenview Trust Co Buys Shares of 362,346 Procter & Gamble Company (The) $PG

Glenview Trust Co bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 362,346 shares of the company’s stock, valued at approximately $53,134,000.

Several other institutional investors have also bought and sold shares of the company. North Star Asset Management Inc. bought a new position in Procter & Gamble during the second quarter valued at $2,386,000. Maxele Advisors LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth about $390,000. Empowered Funds LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at approximately $53,549,000. United Capital Financial Advisors LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at approximately $51,732,000. Finally, Papamarkou Wellner Asset Management inc. bought a new position in Procter & Gamble in the 2nd quarter worth approximately $1,954,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The transaction was disclosed in a legal 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 company’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 $321,802.02. Following the completion of the transaction, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This trade 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 sold a total of 6,627 shares of company stock valued at $953,417 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

NYSE:PG opened at $143.71 on Monday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock has a fifty day moving average of $147.11 and a 200 day moving average of $148.21. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market capitalization 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.

Procter & Gamble (NYSE:PG) last announced 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 return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the prior year, the company earned $1.48 EPS. The company’s quarterly 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. On average, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is presently 65.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. BMO Capital Markets raised their price target on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. JPMorgan Chase & Co. decreased 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. Finally, Barclays raised their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.