Procter & Gamble Company (The) $PG Stock Holdings Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its position in Procter & Gamble Company (The) (NYSE:PG) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 67,124 shares of the company’s stock after buying an additional 3,042 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Procter & Gamble were worth $10,694,000 at the end of the most recent quarter.

Other institutional investors 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 first quarter worth approximately $26,000. Signature Resources Capital Management LLC boosted its holdings in shares of Procter & Gamble by 67.9% during the second 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 first quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Procter & Gamble during the second quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Saturday. Berenberg Bank lifted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Raymond James Financial dropped their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. 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 has an average rating of “Moderate Buy” and a consensus price target of $171.68.

Procter & Gamble Trading Up 0.3%

NYSE:PG opened at $152.62 on Monday. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The company’s 50 day moving average is $154.66 and its 200-day moving average is $158.38. The firm has a market cap of $357.21 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 4.05 and a beta of 0.36. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.51%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Procter & Gamble’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given 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 yield of 2.8%. Procter & Gamble’s payout ratio is 64.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the sale, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 in the last three months. 0.20% of the stock is owned by insiders.

Procter & Gamble Company 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.