Westpac Banking Corp Acquires 16,613 Shares of Procter & Gamble Company (The) $PG

Westpac Banking Corp lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 23.1% in the second quarter, Holdings Channel.com reports. The fund owned 88,588 shares of the company’s stock after purchasing an additional 16,613 shares during the period. Procter & Gamble comprises approximately 0.9% of Westpac Banking Corp’s portfolio, making the stock its 16th largest holding. Westpac Banking Corp’s holdings in Procter & Gamble were worth $14,114,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PG. Brighton Jones LLC raised its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. boosted its holdings in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Procter & Gamble in the first quarter worth $228,000. Formidable Asset Management LLC increased its holdings in shares of Procter & Gamble by 0.3% during the first quarter. Formidable Asset Management LLC now owns 293,368 shares of the company’s stock valued at $49,996,000 after acquiring an additional 963 shares in the last quarter. Finally, Buckhead Capital Management LLC raised its position in shares of Procter & Gamble by 4.7% in the 1st quarter. Buckhead Capital Management LLC now owns 5,816 shares of the company’s stock worth $991,000 after purchasing an additional 263 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Balaji Purushothaman sold 490 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the sale, the insider owned 12,616 shares in the company, valued at approximately $1,920,533.68. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the transaction, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 150,489 shares of company stock valued at $23,529,864 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $147.71 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 52 week low of $144.09 and a 52 week high of $180.43. The stock’s 50-day simple moving average is $151.83 and its 200-day simple moving average is $156.57. The company has a market capitalization of $345.16 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research report on Monday, October 27th. UBS Group cut their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Raymond James Financial reduced their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Dbs Bank raised shares of Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble 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.