Baxter Bros Inc. Trims Stake in Procter & Gamble Company (The) $PG

Baxter Bros Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,593 shares of the company’s stock after selling 2,413 shares during the quarter. Procter & Gamble comprises 1.8% of Baxter Bros Inc.’s portfolio, making the stock its 18th largest position. Baxter Bros Inc.’s holdings in Procter & Gamble were worth $14,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of PG. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the first quarter worth approximately $26,000. Signature Resources Capital Management LLC lifted its stake in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. Quarry LP bought a new position in shares of Procter & Gamble in the first quarter worth approximately $33,000. Mizuho Securities Co. Ltd. lifted its stake in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after buying an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday. Barclays dropped their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Berenberg Bank increased their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.58.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the 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 $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the sale, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 1.2%

Shares of Procter & Gamble stock opened at $150.67 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $352.64 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The company’s 50 day moving average is $155.26 and its 200 day moving average is $159.72.

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. 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 the consensus estimate of $20.79 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

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.