Procter & Gamble Company (The) $PG is Daymark Wealth Partners LLC’s 6th Largest Position

Daymark Wealth Partners LLC lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the second quarter, Holdings Channel.com reports. The fund owned 479,266 shares of the company’s stock after selling 6,827 shares during the quarter. Procter & Gamble comprises 2.9% of Daymark Wealth Partners LLC’s portfolio, making the stock its 6th biggest holding. Daymark Wealth Partners LLC’s holdings in Procter & Gamble were worth $76,357,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC lifted its holdings in shares of Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the period. Quarry LP purchased a new stake in shares of Procter & Gamble in the 1st quarter worth $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $34,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.1%

Shares of NYSE PG opened at $151.54 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The stock has a market capitalization of $354.10 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 4.03 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 business has a fifty day moving average price of $154.44 and a 200 day moving average price of $158.22.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the prior year, the business posted $1.93 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 61.75%.

Insider Buying and Selling

In other Procter & Gamble news, insider Balaji Purushothaman sold 490 shares of the stock in a transaction dated Thursday, October 2nd. The stock was 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 in the company, valued at approximately $1,920,533.68. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 149,763 shares of company stock valued at $23,421,279 in the last 90 days. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. 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. Bank of America lowered their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, UBS Group decreased their price objective 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.53.

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.