Biondo Investment Advisors LLC Purchases 1,178 Shares of Procter & Gamble Company (The) $PG

Biondo Investment Advisors LLC increased its position in Procter & Gamble Company (The) (NYSE:PG) by 1.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 78,416 shares of the company’s stock after buying an additional 1,178 shares during the period. Procter & Gamble comprises approximately 1.9% of Biondo Investment Advisors LLC’s holdings, making the stock its 17th largest position. Biondo Investment Advisors LLC’s holdings in Procter & Gamble were worth $13,364,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Navigoe LLC bought a new position in Procter & Gamble in the 4th quarter worth $31,000. Capital A Wealth Management LLC bought a new position in Procter & Gamble in the 4th quarter worth $31,000. 10Elms LLP bought a new position in Procter & Gamble in the 4th quarter worth $34,000. Sunbeam Capital Management LLC bought a new position in Procter & Gamble in the 4th quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1%

Shares of NYSE PG opened at $158.5140 on Friday. The firm’s 50-day moving average price is $156.79 and its 200-day moving average price is $162.97. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $371.30 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 4.19 and a beta of 0.37. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio is 64.98%.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 319 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $50,169.13. Following the sale, the chief accounting officer directly owned 1,704 shares of the company’s stock, valued at $267,988.08. This represents a 15.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer directly owned 41,886 shares in the company, valued at $6,624,689.76. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,181 shares of company stock worth $18,761,172 over the last three months. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on PG shares. Royal Bank Of Canada raised shares of Procter & Gamble from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $164.00 to $177.00 in a report on Friday, April 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price objective on shares of Procter & Gamble in a report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.94.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.