5,099 Shares of Procter & Gamble Company (The) $PG Purchased by Greg Jennings LLC

Greg Jennings LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,099 shares of the company’s stock, valued at approximately $741,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $28,000. Paladin Partners LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $29,000. Sankala Group LLC acquired a new position in Procter & Gamble during the fourth quarter worth $30,000. Finally, Toews Corp ADV acquired a new position in shares of Procter & Gamble during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 1.1%

Shares of PG traded down $1.76 during mid-day trading on Monday, reaching $157.59. The company had a trading volume of 10,076,222 shares, compared to its average volume of 9,702,124. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The firm has a fifty day simple moving average of $146.88 and a 200-day simple moving average of $146.53. The stock has a market cap of $366.02 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.96 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The business 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 quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. HSBC reiterated a “hold” rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price for the company in a report on Tuesday, October 6th. Finally, UBS Group restated a “buy” rating on shares of Procter & Gamble in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.20.

Insider Activity

In other news, insider Marc S. Pritchard sold 4,030 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Whaley sold 2,369 shares of Procter & Gamble stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $344,310.46. Following the sale, the insider directly owned 30,730 shares in the company, valued at approximately $4,466,298.20. The trade was a 7.16% 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. Insiders have sold a total of 15,135 shares of company stock worth $2,189,970 over the last three months. 0.23% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.