Commerce Bank Has $209.29 Million Holdings in Procter & Gamble Company (The) $PG

Commerce Bank lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,427,236 shares of the company’s stock after selling 23,908 shares during the period. Procter & Gamble accounts for approximately 0.9% of Commerce Bank’s portfolio, making the stock its 20th biggest holding. Commerce Bank’s holdings in Procter & Gamble were worth $209,290,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baxter Bros Inc. acquired a new stake in Procter & Gamble in the second quarter valued at about $12,381,000. Cibc World Market Inc. raised its stake in Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after acquiring an additional 147,701 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after acquiring an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV boosted its stake in shares of Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock valued at $11,681,000 after purchasing an additional 24,010 shares in the last quarter. Finally, Indivisible Partners acquired a new stake in shares of Procter & Gamble in the 4th quarter valued at approximately $2,120,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Marc S. 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 sale, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the sale, the insider directly owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 6,627 shares of company stock valued at $953,417. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG 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. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25. The firm has a market cap 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. The firm’s fifty day moving average is $147.41 and its 200-day moving average is $148.42.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business 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 of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 65.71%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Thursday, July 16th. HSBC reaffirmed a “hold” rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Jefferies Financial Group upped their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Finally, Barclays raised their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, 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.