CHICAGO TRUST Co NA grew its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 5.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,501 shares of the company’s stock after buying an additional 1,070 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Procter & Gamble were worth $3,107,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock valued at $57,294,000 after purchasing an additional 284,174 shares during the period. Two Sigma Investments LP boosted its holdings in Procter & Gamble by 2.4% in the fourth quarter. Two Sigma Investments LP now owns 18,133 shares of the company’s stock valued at $3,040,000 after purchasing an additional 433 shares during the period. Armis Advisers LLC purchased a new position in Procter & Gamble in the fourth quarter valued at $534,000. Finally, Lakeshore Capital Group Inc. purchased a new position in Procter & Gamble in the fourth quarter valued at $1,463,000. 65.77% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on PG shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.94.
Insider Transactions at Procter & Gamble
In related news, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at $50,228,106.25. This trade represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 over the last three months. 0.20% of the stock is currently owned by company insiders.
Procter & Gamble Stock Down 1.8%
Procter & Gamble stock opened at $153.16 on Tuesday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market capitalization of $358.48 billion, a P/E ratio of 23.53, a PEG ratio of 4.12 and a beta of 0.36. The stock has a 50-day simple moving average of $156.15 and a 200-day simple moving average of $161.03.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the business earned $1.40 EPS. The business’s quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s payout ratio is presently 64.98%.
Procter & Gamble Company Profile
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
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