My Legacy Advisors LLC Has $830,000 Holdings in Procter & Gamble Company (The) $PG

My Legacy Advisors LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,234 shares of the company’s stock after purchasing an additional 442 shares during the period. My Legacy Advisors LLC’s holdings in Procter & Gamble were worth $830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Lantz Financial LLC raised its stake in shares of Procter & Gamble by 1.2% in the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock valued at $834,000 after acquiring an additional 64 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Procter & Gamble by 2.9% in the 2nd quarter. Phillips Wealth Planners LLC now owns 6,747 shares of the company’s stock valued at $1,065,000 after acquiring an additional 191 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Procter & Gamble by 25.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,349,495 shares of the company’s stock valued at $533,642,000 after acquiring an additional 686,249 shares in the last quarter. Perpetual Ltd raised its stake in shares of Procter & Gamble by 7.2% in the 2nd quarter. Perpetual Ltd now owns 13,453 shares of the company’s stock valued at $2,143,000 after acquiring an additional 900 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Procter & Gamble by 16.9% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 91,920 shares of the company’s stock valued at $14,642,000 after acquiring an additional 13,300 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.7%

PG stock opened at $156.15 on Friday. The stock’s 50 day simple moving average is $156.16 and its 200 day simple moving average is $161.37. Procter & Gamble Company has a fifty-two week low of $149.91 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 company has a market cap of $365.47 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 4.15 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the company posted $1.40 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 40,119 shares of the company’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 value of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction 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 approximately $5,532,120.48. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on PG shares. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Berenberg Bank lifted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company decreased their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.94.

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.