Hayek Kallen Investment Management Invests $565,000 in Procter & Gamble Company (The) $PG

Hayek Kallen Investment Management bought a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,853 shares of the company’s stock, valued at approximately $565,000.

A number of other hedge funds have also recently bought and sold shares of PG. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares during the period. Park Square Financial Group LLC grew its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after buying an additional 171 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Procter & Gamble during the second quarter valued at about $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter valued at approximately $26,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 0.0%

NYSE PG opened at $143.71 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $147.11 and its two-hundred day moving average is $148.21. The company has a market capitalization of $334.04 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 4.43 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on PG shares. Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. 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 note on Thursday, July 16th. HSBC reaffirmed a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $161.19.

Insiders Place Their Bets

In other news, CAO Matthew W. Janzaruk sold 359 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 2,238 shares of the 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 sale, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This trade represents a 7.66% decrease in their position. 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. Insiders sold 6,627 shares of company stock worth $953,417 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Company 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.