Delta Asset Management LLC TN Sells 3,441 Shares of Procter & Gamble Company (The) $PG

Delta Asset Management LLC TN cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.5% in the second quarter, HoldingsChannel reports. The firm owned 231,472 shares of the company’s stock after selling 3,441 shares during the period. Procter & Gamble accounts for about 3.2% of Delta Asset Management LLC TN’s holdings, making the stock its 8th biggest holding. Delta Asset Management LLC TN’s holdings in Procter & Gamble were worth $36,878,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PG. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. lifted its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the period. South Dakota Investment Council boosted its holdings in Procter & Gamble by 7.0% during the first quarter. South Dakota Investment Council now owns 41,429 shares of the company’s stock worth $7,060,000 after buying an additional 2,700 shares in the last quarter. OneAscent Family Office LLC acquired a new stake in Procter & Gamble during the first quarter valued at $498,000. Finally, Elyxium Wealth LLC increased its holdings in Procter & Gamble by 38.4% in the first quarter. Elyxium Wealth LLC now owns 17,374 shares of the company’s stock valued at $2,961,000 after buying an additional 4,820 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $147.71 on Monday. 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’s 50 day simple moving average is $151.83 and its 200-day simple moving average is $156.53. The company has a market cap of $345.16 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $144.09 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities research analysts anticipate 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. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company cut their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Berenberg Bank lifted their price target 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. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $171.53.

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 150,489 shares of company stock valued at $23,529,864 in the last ninety days. 0.20% of the stock is currently owned by corporate 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.