Sequoia Financial Advisors LLC Buys 13,663 Shares of Procter & Gamble Company (The) $PG

Sequoia Financial Advisors LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.3% during the second quarter, HoldingsChannel.com reports. The fund owned 331,477 shares of the company’s stock after acquiring an additional 13,663 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Procter & Gamble were worth $52,811,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Total Clarity Wealth Management Inc. grew its position in Procter & Gamble by 8.0% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 2,435 shares of the company’s stock worth $388,000 after acquiring an additional 181 shares during the last quarter. Vest Financial LLC boosted its position in shares of Procter & Gamble by 0.5% in the 2nd quarter. Vest Financial LLC now owns 367,748 shares of the company’s stock worth $58,590,000 after purchasing an additional 1,823 shares during the last quarter. Lion Street Advisors LLC boosted its position in shares of Procter & Gamble by 3.7% in the 2nd quarter. Lion Street Advisors LLC now owns 2,048 shares of the company’s stock worth $326,000 after purchasing an additional 73 shares during the last quarter. Pegasus Asset Management Inc. boosted its position in shares of Procter & Gamble by 2.7% in the 2nd quarter. Pegasus Asset Management Inc. now owns 33,381 shares of the company’s stock worth $5,318,000 after purchasing an additional 868 shares during the last quarter. Finally, Welch Group LLC raised its position in shares of Procter & Gamble by 1.4% during the second quarter. Welch Group LLC now owns 337,798 shares of the company’s stock worth $53,818,000 after purchasing an additional 4,725 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 1.1%

Shares of PG opened at $147.45 on Thursday. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company has a market cap of $345.11 billion, a P/E ratio of 22.65, a P/E/G ratio of 3.96 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $155.04 and a two-hundred day simple moving average of $159.12.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company’s 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. Research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 64.98%.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Wells Fargo & Company lowered 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. Finally, Barclays reduced their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 9,849 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 $1,548,952.23. Following the completion of the sale, the insider owned 182,422 shares of the company’s stock, valued at $28,689,507.94. The trade was a 5.12% 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 owned by company insiders.

About Procter & Gamble

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.