West Tower Group LLC Purchases New Shares in Procter & Gamble Company (The) $PG

West Tower Group LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, Holdings Channel reports. The fund purchased 2,500 shares of the company’s stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Swan Global Investments LLC raised its holdings in Procter & Gamble by 33.6% during the 2nd quarter. Swan Global Investments LLC now owns 2,183 shares of the company’s stock valued at $348,000 after buying an additional 549 shares during the period. Calamos Wealth Management LLC raised its holdings in Procter & Gamble by 16.9% during the 2nd quarter. Calamos Wealth Management LLC now owns 22,867 shares of the company’s stock valued at $3,643,000 after buying an additional 3,300 shares during the period. Cidel Asset Management Inc. raised its holdings in Procter & Gamble by 0.7% during the 2nd quarter. Cidel Asset Management Inc. now owns 77,266 shares of the company’s stock valued at $12,310,000 after buying an additional 519 shares during the period. Forvis Mazars Wealth Advisors LLC grew its position in Procter & Gamble by 3.3% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 46,258 shares of the company’s stock valued at $7,370,000 after acquiring an additional 1,480 shares during the last quarter. Finally, Sigma Investment Counselors Inc. increased its stake in Procter & Gamble by 2.0% in the second quarter. Sigma Investment Counselors Inc. now owns 33,020 shares of the company’s stock worth $5,261,000 after purchasing an additional 637 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $151.53 on Monday. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market capitalization of $354.66 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 4.02 and a beta of 0.36. The stock’s 50-day simple moving average is $154.92 and its 200-day simple moving average is $158.67.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is 64.98%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. UBS Group lowered their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Evercore ISI reissued an “in-line” rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.21.

Insider Activity

In related news, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the transaction, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the transaction, the chief executive officer owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by 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.