Los Angeles Capital Management LLC Cuts Stock Position in Procter & Gamble Company (The) $PG

Los Angeles Capital Management LLC trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 35.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 133,157 shares of the company’s stock after selling 72,107 shares during the period. Los Angeles Capital Management LLC’s holdings in Procter & Gamble were worth $21,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Prospera Financial Services Inc lifted its position in shares of Procter & Gamble by 1.0% during the second quarter. Prospera Financial Services Inc now owns 244,590 shares of the company’s stock worth $38,985,000 after purchasing an additional 2,464 shares in the last quarter. AGF Management Ltd. increased its stake in Procter & Gamble by 1,201.9% during the 2nd quarter. AGF Management Ltd. now owns 501,258 shares of the company’s stock worth $79,860,000 after buying an additional 462,757 shares during the period. AE Wealth Management LLC lifted its holdings in Procter & Gamble by 4.4% in the 2nd quarter. AE Wealth Management LLC now owns 577,431 shares of the company’s stock worth $91,996,000 after buying an additional 24,391 shares in the last quarter. Stokes Family Office LLC boosted its position in Procter & Gamble by 2.5% in the 2nd quarter. Stokes Family Office LLC now owns 24,436 shares of the company’s stock valued at $3,893,000 after buying an additional 606 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $894,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of PG opened at $146.90 on Friday. The stock has a market capitalization of $343.28 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The business’s fifty day moving average price is $152.93 and its 200 day moving average price is $157.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a 12-month low of $144.46 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is 61.61%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PG shares. Barclays cut their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. increased their target price on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday, October 27th. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, Bank of America decreased their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $171.53.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 150,488 shares of company stock valued at $23,529,718 over 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.