Procter & Gamble Company (The) $PG Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 22.3% in the second quarter, Holdings Channel.com reports. The fund owned 6,467,523 shares of the company’s stock after selling 1,857,776 shares during the period. Wellington Management Group LLP’s holdings in Procter & Gamble were worth $948,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lombard Odier Asset Management Europe Ltd bought a new position in Procter & Gamble during the second quarter worth $352,000. Archer Investment Corp bought a new stake in Procter & Gamble during the second quarter valued at $825,000. Fox Hill Wealth Management acquired a new stake in shares of Procter & Gamble during the second quarter worth $508,000. Kingsview Wealth Management LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth about $15,503,000. Finally, Henson Edgewater Management LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $314,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PG shares. Barclays increased their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Jefferies Financial Group lifted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. HSBC reiterated a “hold” rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Bank of America reduced their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.19.

Procter & Gamble Trading Down 0.0%

Shares of NYSE:PG opened at $143.71 on Monday. 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’s 50-day moving average price is $147.11 and its 200 day moving average price is $148.21. The company has a market cap of $334.04 billion, a PE ratio of 21.71, a P/E/G ratio of 4.43 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. Procter & Gamble’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. Sell-side analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s dividend payout ratio is 65.71%.

Insider Buying and Selling

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. The trade was a 22.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the firm’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 $579,473.70. Following the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This trade represents a 2.11% 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 6,627 shares of company stock valued at $953,417 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

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.