RKL Wealth Management LLC Cuts Holdings in Procter & Gamble Company (The) $PG

RKL Wealth Management LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,676 shares of the company’s stock after selling 133 shares during the quarter. RKL Wealth Management LLC’s holdings in Procter & Gamble were worth $3,135,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PG. Brighton Jones LLC increased its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. increased its holdings in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of Procter & Gamble by 1,043.6% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,075 shares of the company’s stock valued at $183,000 after acquiring an additional 981 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Procter & Gamble by 10.3% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 39,968 shares of the company’s stock valued at $6,811,000 after acquiring an additional 3,737 shares during the last quarter. Finally, Apella Capital LLC increased its holdings in shares of Procter & Gamble by 23.8% in the 1st quarter. Apella Capital LLC now owns 14,462 shares of the company’s stock valued at $2,347,000 after acquiring an additional 2,783 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. BNP Paribas Exane dropped their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. BNP Paribas reissued an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. One 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. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $173.11.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $152.97 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a fifty day moving average of $155.77 and a two-hundred day moving average of $160.29. The company has a market capitalization of $358.03 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a $1.0568 dividend. 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 2.8%. Procter & Gamble’s payout ratio is currently 64.98%.

Insiders Place Their Bets

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble 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 sale, the chief executive officer owned 27,295 shares of the company’s stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.