Barrow Hanley Mewhinney & Strauss LLC Sells 6,384 Shares of Procter & Gamble Company (The) $PG

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 143,495 shares of the company’s stock after selling 6,384 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Procter & Gamble were worth $21,042,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PG. Baxter Bros Inc. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth $12,381,000. Cibc World Market Inc. increased its position in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after acquiring an additional 147,701 shares during the last quarter. World Investment Advisors increased its position in Procter & Gamble by 15.9% during the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after acquiring an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after acquiring an additional 24,010 shares during the period. Finally, Indivisible Partners purchased a new position in Procter & Gamble in the fourth quarter worth about $2,120,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PG shares. Argus lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Sanford C. Bernstein reissued a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a report on Monday. Bank of America cut their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. BMO Capital Markets upped their target price on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. decreased their price target 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. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.19.

Insider Transactions at Procter & Gamble

In related news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Procter & Gamble stock in a transaction that occurred 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 directly owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,627 shares of company stock valued at $953,417 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $145.02 on Thursday. The company has a 50 day simple moving average of $147.41 and a two-hundred day simple moving average of $148.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The firm has a market cap of $337.09 billion, a P/E ratio of 21.91, a PEG ratio of 4.48 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 earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the previous year, the company earned $1.48 EPS. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid 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 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.