Family Legacy Inc. Invests $4.15M in Procter & Gamble Stock

Family Legacy Inc., an investment firm, has purchased a new stake in Procter & Gamble Company (The) (NYSE: PG), according to its recent 13F filing with the SEC. The company acquired 28,296 shares of Procter & Gamble's stock valued at approximately $4,149,000.

This is not an isolated instance; several other institutional investors have also recently bought and sold shares of Procter & Gamble. Clearstead Trust LLC, for example, purchased a new position in the company during the second quarter worth about $1,780,000. Bridgewater Advisors Inc. also acquired a new stake in Procter & Gamble during the same period valued at around $3,363,000.

Procter & Gamble has been performing well, with its stock up 0.7% as of Thursday. The company's revenue was up 1.5% on a year-over-year basis, and it has set its FY 2027 guidance at 6.890-7.110 EPS.

Procter & Gamble has also announced a quarterly dividend of $1.0885 per share, paid out on August 17th to shareholders who owned the stock by July 24th. This represents an annualized dividend yield of 3.0% and a payout ratio of 65.71%.