Envestnet Portfolio Solutions Inc. Boosts Holdings in Procter & Gamble Company (The) $PG

Envestnet Portfolio Solutions Inc. grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 18.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,489 shares of the company’s stock after purchasing an additional 26,959 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Procter & Gamble were worth $25,724,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PG. State Street Corp grew its position in shares of Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after buying an additional 965,461 shares during the period. Security National Bank of Sioux City Iowa IA bought a new stake in Procter & Gamble during the second quarter worth about $177,000. Bullseye Investment Management LLC bought a new stake in Procter & Gamble during the second quarter worth about $389,000. Smith Chas P & Associates PA Cpas grew its holdings in Procter & Gamble by 0.8% in the second quarter. Smith Chas P & Associates PA Cpas now owns 274,537 shares of the company’s stock worth $40,258,000 after purchasing an additional 2,216 shares during the period. Finally, Talon Private Wealth LLC increased its stake in shares of Procter & Gamble by 32.1% during the second quarter. Talon Private Wealth LLC now owns 2,200 shares of the company’s stock valued at $323,000 after purchasing an additional 535 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PG. Jefferies Financial Group boosted their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Barclays lifted their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.55.

Insider Activity

In other Procter & Gamble news, 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 value of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Whaley sold 2,238 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the transaction, the insider owned 26,989 shares in the company, valued at $3,880,748.31. This 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 ninety days. 0.23% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 0.6%

Shares of PG traded down $0.85 on Wednesday, hitting $147.37. 6,580,000 shares of the stock traded hands, compared to its average volume of 9,769,997. The company has a market capitalization of $342.30 billion, a PE ratio of 22.26, 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. The business has a 50 day simple moving average of $146.10 and a 200 day simple moving average of $146.38. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $21.38 billion. During the same period in the previous year, the business 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 analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared 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 was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

About Procter & Gamble

Procter & Gamble Company is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio spans beauty, grooming, health care, fabric and home care, and family care products.

The company’s brands include Tide, Ariel, Downy, Dawn, Febreze, Bounty, Charmin, Pampers, Gillette, Oral-B, Crest, Head & Shoulders, Olay and Pantene. These products are sold through retailers, e-commerce platforms and other distribution channels.

Procter & Gamble was founded in Cincinnati in 1837 by William Procter and James Gamble.