Griffin Asset Management Inc. Trims Holdings in Procter & Gamble Company (The) $PG

Griffin Asset Management Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,824 shares of the company’s stock after selling 923 shares during the quarter. Griffin Asset Management Inc.’s holdings in Procter & Gamble were worth $5,548,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Pegasus Asset Management Inc. grew its position in shares of Procter & Gamble by 2.7% in the second quarter. Pegasus Asset Management Inc. now owns 33,381 shares of the company’s stock valued at $5,318,000 after purchasing an additional 868 shares in the last quarter. Welch Group LLC grew its position in shares of Procter & Gamble by 1.4% in the second quarter. Welch Group LLC now owns 337,798 shares of the company’s stock valued at $53,818,000 after purchasing an additional 4,725 shares in the last quarter. Cypress Capital Group grew its position in shares of Procter & Gamble by 1.0% in the second quarter. Cypress Capital Group now owns 21,675 shares of the company’s stock valued at $3,453,000 after purchasing an additional 220 shares in the last quarter. MOKAN Wealth Management Inc. grew its position in shares of Procter & Gamble by 13.7% in the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after purchasing an additional 1,846 shares in the last quarter. Finally, Almanack Investment Partners LLC. grew its position in shares of Procter & Gamble by 12.1% in the second quarter. Almanack Investment Partners LLC. now owns 7,809 shares of the company’s stock valued at $1,244,000 after purchasing an additional 845 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the completion of the sale, the chief executive officer owned 319,932 shares of the company’s stock, valued at $48,703,248.36. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the completion of the sale, the insider directly owned 12,616 shares of the company’s stock, valued at approximately $1,920,533.68. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by insiders.

Procter & Gamble Trading Down 0.6%

Shares of PG stock opened at $149.69 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $155.24 and a two-hundred day moving average price of $159.41. Procter & Gamble Company has a 12-month low of $149.45 and a 12-month high of $180.43. The firm has a market cap of $350.34 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on PG. Wells Fargo & Company reduced their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. reduced their target price on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research report on Friday. BNP Paribas Exane reduced 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. Evercore ISI restated an “in-line” rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target 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.