Odyssean LLC Buys 9,124 Shares of Procter & Gamble Company (The) $PG

Odyssean LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 93.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,847 shares of the company’s stock after buying an additional 9,124 shares during the period. Odyssean LLC’s holdings in Procter & Gamble were worth $2,764,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Park Square Financial Group LLC increased its holdings in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. raised its position in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock valued at $26,000 after purchasing an additional 171 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at about $26,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays upped 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 downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup decreased their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Jefferies Financial Group raised their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.19.

Insider Buying and Selling

In related news, insider Marc Pritchard sold 4,030 shares of the business’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 $579,473.70. Following the transaction, the insider owned 187,001 shares in the company, valued at $26,888,873.79. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company’s stock in a transaction on Monday, August 24th. The shares were 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 in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 6,627 shares of company stock valued at $953,417 over the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $146.29 on Friday. The stock’s 50 day moving average is $146.77 and its 200 day moving average is $147.82. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The firm has a market cap of $339.78 billion, a P/E ratio of 22.10, a P/E/G ratio of 3.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given 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 3.0%. Procter & Gamble’s dividend payout ratio is 65.71%.

About Procter & Gamble

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.