WNY Asset Management LLC Makes New $1.15 Million Investment in Procter & Gamble Company (The) $PG

WNY Asset Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,835 shares of the company’s stock, valued at approximately $1,149,000.

Several other institutional investors and hedge funds have also made changes to their positions in PG. BlackRock Inc. purchased a new stake in Procter & Gamble in the 2nd quarter valued at $27,862,105,000. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter valued at about $4,664,783,000. Bank of America Corp DE purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $3,850,628,000. Bank of New York Mellon Corp purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Procter & Gamble during the second quarter worth about $1,480,650,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PG. Citigroup decreased 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. Jefferies Financial Group lifted 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. 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 report on Thursday, July 16th. BMO Capital Markets raised their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $161.19.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction on 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 trade represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 6,627 shares of company stock valued at $953,417. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $143.71 on Monday. 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 company has a market cap of $334.04 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39. The stock has a 50-day moving average of $147.11 and a two-hundred day moving average of $148.21. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year 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 (EPS) 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 analyst estimates of $21.38 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’s quarterly revenue 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, analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

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

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.