Procter & Gamble Company (The) $PG Stock Position Lifted by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.0% during the second quarter, Holdings Channel reports. The firm owned 12,538 shares of the company’s stock after buying an additional 477 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $26,000. Signature Resources Capital Management LLC raised its position 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 worth $28,000 after purchasing an additional 72 shares during the period. Quarry LP acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $33,000. Mizuho Securities Co. Ltd. raised its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock worth $23,421,279 over the last ninety days. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.6%

NYSE PG opened at $149.69 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average is $155.24 and its two-hundred day moving average is $159.48. The company has a market capitalization of $350.34 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $149.45 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for 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%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PG shares. Wells Fargo & Company dropped their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas Exane decreased their target price 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Berenberg Bank increased their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $172.21.

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.