Zullo Investment Group Inc. Increases Holdings in Procter & Gamble Company (The) $PG

Zullo Investment Group Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,033 shares of the company’s stock after purchasing an additional 85 shares during the period. Procter & Gamble accounts for about 1.0% of Zullo Investment Group Inc.’s holdings, making the stock its 21st biggest holding. Zullo Investment Group Inc.’s holdings in Procter & Gamble were worth $2,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC grew its holdings in 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 purchasing an additional 72 shares in the last quarter. Quarry LP acquired a new stake in Procter & Gamble during the 1st quarter valued at $33,000. Mizuho Securities Co. Ltd. grew its holdings in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter valued at $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday. UBS Group reduced their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Bank of America reduced their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

Insider Buying and Selling

In other news, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were 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 in the company, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 0.6%

Procter & Gamble stock opened at $149.69 on Friday. The firm’s 50-day moving average is $155.24 and its 200-day moving average is $159.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 1 year low of $149.45 and a 1 year high of $180.43. The company has a market cap of $350.34 billion, a P/E ratio of 22.99, a PEG ratio of 3.99 and a beta of 0.36.

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

Procter & Gamble 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.