HighTower Advisors LLC Has $430.12 Million Position in Procter & Gamble Company (The) $PG

HighTower Advisors LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,933,193 shares of the company’s stock after purchasing an additional 190,499 shares during the quarter. HighTower Advisors LLC’s holdings in Procter & Gamble were worth $430,123,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Baxter Bros Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $12,381,000. Empowered Funds LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $53,549,000. Cibc World Market Inc. lifted its position in shares of Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock worth $73,351,000 after purchasing an additional 147,701 shares during the last quarter. World Investment Advisors boosted its stake in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock valued at $15,179,000 after purchasing an additional 14,492 shares during the period. Finally, Resources Management Corp CT ADV grew its holdings in 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 buying an additional 24,010 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.1%

Procter & Gamble stock opened at $146.29 on Monday. The business has a 50 day moving average price of $146.77 and a two-hundred day moving average price of $147.73. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The stock has a market cap of $339.78 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.39.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders 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 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is currently 65.71%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays lifted their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Bank of America reduced their price objective on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Finally, 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. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Insider Buying and Selling at Procter & Gamble

In related news, insider Susan Whaley sold 2,238 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider owned 26,989 shares of the company’s stock, valued at $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction that occurred 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 sale, the insider directly 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 SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 6,627 shares of company stock valued at $953,417 in the last 90 days. 0.23% of the stock is currently owned by company insiders.

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.