Wealth Advisory Solutions LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 105.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,632 shares of the company’s stock after buying an additional 1,348 shares during the period. Wealth Advisory Solutions LLC’s holdings in Procter & Gamble were worth $419,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after buying an additional 284,174 shares during the period. Two Sigma Investments LP increased its stake in Procter & Gamble by 2.4% during the 4th quarter. Two Sigma Investments LP now owns 18,133 shares of the company’s stock worth $3,040,000 after buying an additional 433 shares during the period. Armis Advisers LLC purchased a new stake in Procter & Gamble during the 4th quarter worth $534,000. Finally, Lakeshore Capital Group Inc. purchased a new stake in Procter & Gamble during the 4th quarter worth $1,463,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Analyst Upgrades and Downgrades
PG has been the subject of several recent analyst reports. Evercore ISI reissued an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Berenberg Bank raised their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.94.
Insider Transactions at Procter & Gamble
In related news, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares in the company, valued at $6,624,689.76. This trade represents a 18.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the completion of the sale, the insider owned 28,436 shares in the company, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Procter & Gamble Trading Down 1.8%
NYSE PG opened at $153.16 on Tuesday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a 50-day simple moving average of $156.15 and a 200-day simple moving average of $161.03. 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 firm has a market capitalization of $358.48 billion, a PE ratio of 23.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business 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 business posted $1.40 EPS. The company’s quarterly revenue 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, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is 64.98%.
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.
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