Equitable Trust Co. Has $5.03 Million Stake in Procter & Gamble Company (The) $PG

Equitable Trust Co. decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 18.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 31,599 shares of the company’s stock after selling 6,917 shares during the period. Equitable Trust Co.’s holdings in Procter & Gamble were worth $5,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Boston Trust Walden Corp grew its position in shares of Procter & Gamble by 6.2% in the second quarter. Boston Trust Walden Corp now owns 512,119 shares of the company’s stock valued at $81,591,000 after purchasing an additional 29,796 shares during the last quarter. Frazier Financial Advisors LLC grew its position in Procter & Gamble by 5.3% during the second quarter. Frazier Financial Advisors LLC now owns 4,123 shares of the company’s stock worth $657,000 after buying an additional 206 shares in the last quarter. Morningstar Investment Management LLC acquired a new stake in Procter & Gamble during the second quarter worth approximately $552,000. Harbour Trust & Investment Management Co grew its position in Procter & Gamble by 1.4% during the second quarter. Harbour Trust & Investment Management Co now owns 13,246 shares of the company’s stock worth $2,110,000 after buying an additional 177 shares in the last quarter. Finally, RFG Advisory LLC grew its position in Procter & Gamble by 2.5% during the second quarter. RFG Advisory LLC now owns 43,568 shares of the company’s stock worth $6,941,000 after buying an additional 1,058 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of a number of analyst reports. Bank of America reduced their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company reduced 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 reissued an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, UBS Group cut their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $172.21.

Procter & Gamble Price Performance

PG stock opened at $149.18 on Wednesday. The company has a 50 day simple moving average of $155.15 and a 200 day simple moving average of $159.20. The stock has a market cap of $349.15 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 3.91 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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 business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm’s quarterly 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. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 64.82%.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 40,119 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 value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The sale 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 shares were 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 owned 28,036 shares of the company’s stock, 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 in the last ninety days. Insiders own 0.20% of the company’s stock.

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.