QRG Capital Management Inc. Purchases 28,048 Shares of Procter & Gamble Company (The) $PG

QRG Capital Management Inc. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,300 shares of the company’s stock after buying an additional 28,048 shares during the period. QRG Capital Management Inc.’s holdings in Procter & Gamble were worth $54,301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Evolution Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble in the second quarter valued at about $26,000. Basso Capital Management L.P. acquired a new position in Procter & Gamble in the fourth quarter worth about $28,000. Montgomery Financial Services LLC acquired a new position in Procter & Gamble in the second quarter worth about $28,000. Finally, Paladin Partners LLC bought a new position in Procter & Gamble during the second quarter worth about $29,000. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Whaley sold 2,238 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company’s stock, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 in the last 90 days. 0.23% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

PG stock traded down $0.85 during midday trading on Wednesday, reaching $147.37. 6,580,000 shares of the company’s stock traded hands, compared to its average volume of 9,769,997. The company has a 50-day simple moving average of $146.10 and a two-hundred day simple moving average of $146.38. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a market cap of $342.30 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 3.63 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Citigroup decreased their price target on Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, BMO Capital Markets increased their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.55.

About Procter & Gamble

Procter & Gamble Company is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio spans beauty, grooming, health care, fabric and home care, and family care products.

The company’s brands include Tide, Ariel, Downy, Dawn, Febreze, Bounty, Charmin, Pampers, Gillette, Oral-B, Crest, Head & Shoulders, Olay and Pantene. These products are sold through retailers, e-commerce platforms and other distribution channels.

Procter & Gamble was founded in Cincinnati in 1837 by William Procter and James Gamble.