Motco Grows Position in Procter & Gamble Company (The) $PG

Motco grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 609.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 69,871 shares of the company’s stock after acquiring an additional 60,021 shares during the quarter. Motco’s holdings in Procter & Gamble were worth $10,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Jennison Associates LLC increased its position in shares of Procter & Gamble by 3.3% during the 2nd quarter. Jennison Associates LLC now owns 394,633 shares of the company’s stock valued at $62,873,000 after purchasing an additional 12,715 shares during the last quarter. Winebrenner Capital Management LLC increased its position in shares of Procter & Gamble by 1.2% during the 2nd quarter. Winebrenner Capital Management LLC now owns 11,795 shares of the company’s stock valued at $1,879,000 after purchasing an additional 145 shares during the last quarter. Auto Owners Insurance Co increased its position in shares of Procter & Gamble by 172.0% during the 2nd quarter. Auto Owners Insurance Co now owns 26,109 shares of the company’s stock valued at $4,160,000 after purchasing an additional 16,509 shares during the last quarter. Zhang Financial LLC increased its position in shares of Procter & Gamble by 7.5% during the 2nd quarter. Zhang Financial LLC now owns 25,786 shares of the company’s stock valued at $4,108,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Capital Investment Counsel LLC increased its position in shares of Procter & Gamble by 3.9% during the 2nd quarter. Capital Investment Counsel LLC now owns 3,163 shares of the company’s stock valued at $504,000 after purchasing an additional 118 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Raymond James Financial decreased their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Barclays decreased their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Finally, Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Insider Activity

In other news, insider Balaji Purushothaman sold 490 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $74,592.70. Following the completion of the sale, the insider owned 12,616 shares in the company, valued at approximately $1,920,533.68. This trade represents a 3.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. The trade was a 7.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.1%

Shares of NYSE PG opened at $151.54 on Wednesday. The company has a market cap of $354.10 billion, a P/E ratio of 22.12, a P/E/G ratio of 4.03 and a beta of 0.36. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $154.44 and a two-hundred day simple moving average of $158.22. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share 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 given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is 61.75%.

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.