Tudor Financial Inc. Grows Position in Procter & Gamble Company (The) $PG

Tudor Financial Inc. grew its position in Procter & Gamble Company (The) (NYSE:PG) by 64.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,469 shares of the company’s stock after purchasing an additional 4,114 shares during the period. Tudor Financial Inc.’s holdings in Procter & Gamble were worth $1,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Procter & Gamble during the second quarter worth approximately $27,862,105,000. Norges Bank acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $4,664,783,000. Bank of America Corp DE purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp acquired a new position in shares of Procter & Gamble during the 2nd quarter valued at $2,281,505,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Procter & Gamble during the 2nd quarter worth $1,480,650,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $146.86 on Friday. 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 50-day moving average of $146.84 and a two-hundred day moving average of $147.83. The stock has a market cap of $341.11 billion, a P/E ratio of 22.18, a PEG ratio of 3.67 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 announced 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 return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.99 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. Shareholders of record on Friday, July 24th were issued a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc Pritchard sold 4,030 shares of the company’s 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 transaction, the insider directly owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew Janzaruk sold 359 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 6,627 shares of company stock worth $953,417 in the last three months. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

PG has been the subject of several recent research reports. Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. HSBC reiterated a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. BMO Capital Markets raised their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Bank of America decreased their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.19.

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.