Old Port Advisors Decreases Holdings in Procter & Gamble Company (The) $PG

Old Port Advisors lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,882 shares of the company’s stock after selling 69 shares during the quarter. Old Port Advisors’ holdings in Procter & Gamble were worth $618,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. NovaPoint Capital LLC increased its stake in shares of Procter & Gamble by 4.9% during the 2nd quarter. NovaPoint Capital LLC now owns 26,380 shares of the company’s stock worth $4,203,000 after purchasing an additional 1,231 shares during the last quarter. Cove Private Wealth LLC lifted its holdings in Procter & Gamble by 112.6% during the 2nd quarter. Cove Private Wealth LLC now owns 9,162 shares of the company’s stock valued at $1,460,000 after purchasing an additional 4,852 shares during the last quarter. Patton Fund Management Inc. bought a new position in Procter & Gamble during the 2nd quarter valued at about $218,000. Investment Partners Asset Management Inc. increased its position in Procter & Gamble by 11.0% in the 2nd quarter. Investment Partners Asset Management Inc. now owns 3,018 shares of the company’s stock valued at $481,000 after acquiring an additional 300 shares in the last quarter. Finally, True North Advisors LLC grew its position in shares of Procter & Gamble by 1.9% during the 2nd quarter. True North Advisors LLC now owns 6,681 shares of the company’s stock worth $1,064,000 after buying an additional 125 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.2%

Shares of Procter & Gamble stock opened at $152.44 on Friday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a market cap of $356.78 billion, a PE ratio of 23.42, a P/E/G ratio of 4.02 and a beta of 0.36. The stock has a fifty day moving average price of $156.00 and a 200-day moving average price of $160.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PG shares. BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.68.

Insider Activity at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the transaction, the chief executive officer directly owned 27,295 shares of the company’s stock, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar G. Raman sold 9,554 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the transaction, the chief executive officer owned 41,886 shares in the company, valued at approximately $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 have sold 120,181 shares of company stock worth $18,918,012 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.