Engineers Gate Manager LP Boosts Holdings in Procter & Gamble Company (The) $PG

Engineers Gate Manager LP increased its position in Procter & Gamble Company (The) (NYSE:PG) by 10,538.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,795 shares of the company’s stock after purchasing an additional 183,058 shares during the quarter. Engineers Gate Manager LP’s holdings in Procter & Gamble were worth $27,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC grew its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its position in shares of Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Procter & Gamble by 19.8% during the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after purchasing an additional 1,016 shares during the period. Auxano Advisors LLC raised its stake in Procter & Gamble by 10.8% during the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock worth $1,165,000 after acquiring an additional 714 shares during the period. Finally, Schnieders Capital Management LLC. lifted its holdings in Procter & Gamble by 2.8% in the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company’s stock worth $4,809,000 after acquiring an additional 809 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 2.1%

Shares of PG stock opened at $142.55 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $146.61 and a 200 day simple moving average of $147.45. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market capitalization of $331.10 billion, a P/E ratio of 21.53, a P/E/G ratio of 3.61 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 EPS 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 business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the business posted $1.48 earnings per share. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts expect 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 dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.1%. Procter & Gamble’s dividend payout ratio is 65.71%.

Insiders Place Their Bets

In other news, insider Susan Whaley sold 2,238 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following 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 sale was disclosed in a legal filing with the SEC, which is accessible 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 the company’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 transaction, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,627 shares of company stock valued at $953,417 over the last quarter. Insiders own 0.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PG. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. HSBC reissued a “hold” rating and issued a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a report on Thursday, July 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Procter & Gamble in a research report on Wednesday, August 19th. BMO Capital Markets upped their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, JPMorgan Chase & Co. dropped their target price on 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 equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.19.

Procter & Gamble Profile

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.