Nan Shan Life Insurance Co. Ltd. Purchases 119,342 Shares of Procter & Gamble Company (The) $PG

Nan Shan Life Insurance Co. Ltd. raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 69.1% during the second quarter, Holdings Channel reports. The institutional investor owned 292,168 shares of the company’s stock after buying an additional 119,342 shares during the quarter. Procter & Gamble makes up about 1.4% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 28th largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Procter & Gamble were worth $42,844,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. boosted its holdings in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock valued at $979,000 after purchasing an additional 1,016 shares during the last quarter. Auxano Advisors LLC boosted its stake in shares of Procter & Gamble by 10.8% in the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after buying an additional 714 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the period. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PG. Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Barclays lifted their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. Finally, HSBC reaffirmed a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $161.19.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider owned 187,001 shares in the company, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. This trade represents a 7.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,627 shares of company stock valued at $953,417 over the last three months. 0.20% of the stock is owned by company insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $147.69 on Thursday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a fifty day moving average of $146.87 and a 200-day moving average of $147.92. The company has a market capitalization of $343.02 billion, a P/E ratio of 22.31, a P/E/G ratio of 3.63 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.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.71%.

About Procter & Gamble

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.