Nova R Wealth Inc. Sells 72 Shares of Procter & Gamble Company (The) $PG

Nova R Wealth Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,608 shares of the company’s stock after selling 72 shares during the quarter. Nova R Wealth Inc.’s holdings in Procter & Gamble were worth $256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble in the first quarter worth $26,000. Signature Resources Capital Management LLC boosted its holdings in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP purchased a new stake in shares of Procter & Gamble in the 1st quarter worth about $33,000. Mizuho Securities Co. Ltd. increased its stake in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 170 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its stake in Procter & Gamble by 50.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company’s stock worth $42,000 after acquiring an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. BNP Paribas Exane reduced their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.68.

Procter & Gamble Trading Up 0.6%

Procter & Gamble stock opened at $153.42 on Tuesday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The business’s fifty day moving average is $155.97 and its 200 day moving average is $160.39. The stock has a market capitalization of $359.08 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. 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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business 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 was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s payout ratio is currently 64.82%.

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.