Daiichi Life Insurance Co. Ltd. Acquires 11,342 Shares of Procter & Gamble Company (The) $PG

Daiichi Life Insurance Co. Ltd. increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 6.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 199,556 shares of the company’s stock after purchasing an additional 11,342 shares during the quarter. Daiichi Life Insurance Co. Ltd.’s holdings in Procter & Gamble were worth $29,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Foyston Gordon & Payne Inc grew its holdings in Procter & Gamble by 20.7% during the second quarter. Foyston Gordon & Payne Inc now owns 25,749 shares of the company’s stock valued at $3,856,000 after purchasing an additional 4,421 shares during the period. Strategic Wealth Partners Ltd. raised its stake in shares of Procter & Gamble by 1.6% in the second quarter. Strategic Wealth Partners Ltd. now owns 5,800 shares of the company’s stock worth $850,000 after buying an additional 92 shares during the period. Quantbot Technologies LP bought a new position in shares of Procter & Gamble in the second quarter worth about $5,005,000. Madison Wealth Partners Inc lifted its position in shares of Procter & Gamble by 16.2% during the 2nd quarter. Madison Wealth Partners Inc now owns 5,261 shares of the company’s stock valued at $772,000 after buying an additional 734 shares in the last quarter. Finally, X Square Capital LLC grew its stake in shares of Procter & Gamble by 17.6% during the 2nd quarter. X Square Capital LLC now owns 5,037 shares of the company’s stock valued at $739,000 after acquiring an additional 755 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

PG stock opened at $145.02 on Thursday. 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 company’s fifty day moving average price is $147.41 and its 200-day moving average price is $148.42. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The company has a market capitalization of $337.09 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.48 and a beta of 0.39.

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. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities 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 was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble’s payout ratio is 65.71%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 4,030 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 $579,473.70. Following the sale, the insider directly owned 187,001 shares in the company, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, CAO Matthew W. Janzaruk sold 359 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Bank of America reduced their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Barclays upped their price target on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. HSBC restated a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Procter & Gamble Company 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.