OMERS ADMINISTRATION Corp Grows Stake in Procter & Gamble Company (The) $PG

OMERS ADMINISTRATION Corp increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 88.9% in the 2nd quarter, Holdings Channel reports. The firm owned 225,356 shares of the company’s stock after purchasing an additional 106,066 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Procter & Gamble were worth $33,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PG. Covington Investment Advisors Inc. boosted its holdings in Procter & Gamble by 1.1% in the 2nd quarter. Covington Investment Advisors Inc. now owns 35,173 shares of the company’s stock worth $5,158,000 after buying an additional 375 shares during the last quarter. Biondo Investment Advisors LLC raised its holdings in shares of Procter & Gamble by 0.3% during the second quarter. Biondo Investment Advisors LLC now owns 81,903 shares of the company’s stock valued at $12,010,000 after acquiring an additional 232 shares during the last quarter. Saranac Partners Ltd acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $318,000. Jericho Financial LLP lifted its position in shares of Procter & Gamble by 1.0% in the second quarter. Jericho Financial LLP now owns 23,794 shares of the company’s stock valued at $3,489,000 after acquiring an additional 234 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Procter & Gamble by 8.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 158,414 shares of the company’s stock worth $23,230,000 after acquiring an additional 12,509 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of several research reports. 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. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research note on Monday. BMO Capital Markets upped their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. Finally, Barclays raised their price target 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. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $161.19.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 359 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following 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 ownership of the stock. 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. Over the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $143.18 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a market cap of $332.81 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 4.47 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The business’s 50 day moving average price is $147.25 and its 200 day moving average price is $148.31.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations 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. On average, research analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 65.71%.

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.