Long Run Wealth Advisors LLC Trims Holdings in Procter & Gamble Company (The) $PG

Long Run Wealth Advisors LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 17.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,723 shares of the company’s stock after selling 813 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Procter & Gamble were worth $593,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Washington Trust Bank grew its position in Procter & Gamble by 2.0% during the 2nd quarter. Washington Trust Bank now owns 253,925 shares of the company’s stock valued at $40,455,000 after purchasing an additional 4,894 shares during the last quarter. Achmea Investment Management B.V. grew its position in Procter & Gamble by 7.9% during the 2nd quarter. Achmea Investment Management B.V. now owns 370,743 shares of the company’s stock valued at $59,067,000 after purchasing an additional 27,220 shares during the last quarter. HORAN Wealth LLC purchased a new stake in Procter & Gamble during the 2nd quarter valued at about $3,850,000. Sienna Gestion grew its position in Procter & Gamble by 10.0% during the 2nd quarter. Sienna Gestion now owns 148,899 shares of the company’s stock valued at $21,658,000 after purchasing an additional 13,556 shares during the last quarter. Finally, Horan Securities Inc. grew its position in Procter & Gamble by 1.2% during the 2nd quarter. Horan Securities Inc. now owns 67,560 shares of the company’s stock valued at $10,764,000 after purchasing an additional 831 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the transaction, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 150,488 shares of company stock worth $23,529,718. Insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 0.9%

Shares of PG opened at $145.79 on Thursday. 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 1 year low of $145.65 and a 1 year high of $180.43. The company has a 50 day simple moving average of $153.32 and a two-hundred day simple moving average of $157.37. The firm has a market cap of $340.67 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period last year, the firm posted $1.93 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas restated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. UBS Group lowered their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, 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. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.53.

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.