Exchange Capital Management Inc. Sells 772 Shares of Procter & Gamble Company (The) $PG

Exchange Capital Management Inc. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.7% in the second quarter, HoldingsChannel reports. The firm owned 28,085 shares of the company’s stock after selling 772 shares during the period. Exchange Capital Management Inc.’s holdings in Procter & Gamble were worth $4,475,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its holdings in shares of Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after buying an additional 199,258 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after acquiring an additional 4,562 shares in the last quarter. World Investment Advisors grew its stake in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after acquiring an additional 2,886 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of Procter & Gamble by 26.4% in the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock worth $20,451,000 after acquiring an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC raised its position in shares of Procter & Gamble by 8.7% during the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock worth $294,000 after purchasing an additional 138 shares during the period. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.7%

Shares of PG stock opened at $152.06 on Friday. The firm’s fifty day moving average price is $155.63 and its two-hundred day moving average price is $160.17. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a market capitalization of $355.90 billion, a P/E ratio of 23.36, a PEG ratio of 4.04 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal 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 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 dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 64.82%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BNP Paribas Exane lowered their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Berenberg Bank increased their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $173.11.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 9,100 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were 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. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was 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 in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 in the last quarter. 0.20% of the stock is 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.