Jupiter Topco LLC Makes New Investment in Procter & Gamble Company (The) $PG

Jupiter Topco LLC bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,149,302 shares of the company’s stock, valued at approximately $168,464,000.

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 359 shares of Procter & Gamble stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $184,600.04. The trade was a 22.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the business’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 sale, the insider 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 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. In the last 90 days, insiders have sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PG. Barclays lifted their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a research report on Monday. Jefferies Financial Group upped their price objective on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.19.

Procter & Gamble Stock Performance

Shares of PG stock opened at $143.71 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market cap of $334.04 billion, a P/E ratio of 21.71, a P/E/G ratio of 4.41 and a beta of 0.39. The firm’s 50 day moving average price is $147.11 and its 200-day moving average price is $148.28. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PG) last posted its earnings results 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. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm’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. As a group, equities research analysts predict that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The company 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 payout ratio is presently 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.