Hoertkorn Richard Charles Trims Stock Holdings in Procter & Gamble Company (The) $PG

Hoertkorn Richard Charles trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 63,605 shares of the company’s stock after selling 434 shares during the quarter. Procter & Gamble accounts for about 4.3% of Hoertkorn Richard Charles’ holdings, making the stock its 9th biggest holding. Hoertkorn Richard Charles’ holdings in Procter & Gamble were worth $10,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after buying an additional 284,174 shares during the period. Triumph Capital Management raised its holdings in Procter & Gamble by 102.7% during the 4th quarter. Triumph Capital Management now owns 9,400 shares of the company’s stock valued at $1,576,000 after buying an additional 4,763 shares during the last quarter. Redwood Investment Management LLC boosted its position in Procter & Gamble by 50.9% during the 4th quarter. Redwood Investment Management LLC now owns 4,626 shares of the company’s stock valued at $775,000 after buying an additional 1,561 shares during the period. Finally, Sentinus LLC grew its holdings in Procter & Gamble by 12.2% in the 4th quarter. Sentinus LLC now owns 2,405 shares of the company’s stock worth $403,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PG. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays set a $164.00 price target on Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. BNP Paribas reiterated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $175.12.

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the sale, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. The trade was a 5.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares of the company’s stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.4%

NYSE PG opened at $158.02 on Friday. The stock’s 50 day moving average is $156.21 and its 200 day moving average is $161.84. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

About Procter & Gamble

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.