Hamilton Capital LLC Acquires New Holdings in Procter & Gamble Company (The) $PG

Hamilton Capital LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,848 shares of the company’s stock, valued at approximately $711,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Procter & Gamble in the 2nd quarter worth $27,862,105,000. State Street Corp boosted its position in Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after purchasing an additional 984,102 shares in the last quarter. Geode Capital Management LLC boosted its position in Procter & Gamble by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after purchasing an additional 1,974,556 shares in the last quarter. Norges Bank purchased a new position in Procter & Gamble in the fourth quarter valued at about $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Procter & Gamble by 3.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after purchasing an additional 1,091,091 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. 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. Bank of America cut their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Jefferies Financial Group raised their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.19.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 2,238 shares of the company’s 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 sale, the insider directly owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This represents a 7.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, the insider owned 187,001 shares in the company, valued at $26,888,873.79. The trade was a 2.11% 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. In the last ninety days, insiders sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Performance

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 company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a market cap of $334.04 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 4.43 and a beta of 0.39. The firm’s 50-day moving average price is $147.11 and its 200-day moving average price is $148.21.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The business’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. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

About Procter & Gamble

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.