Symphony Financial Services Inc. Raises Position in Procter & Gamble Company (The) $PG

Symphony Financial Services Inc. grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 46.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,452 shares of the company’s stock after purchasing an additional 1,099 shares during the quarter. Symphony Financial Services Inc.’s holdings in Procter & Gamble were worth $550,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PG. Nova Wealth Management Inc. purchased a new position in Procter & Gamble during the 1st quarter worth $26,000. Signature Resources Capital Management LLC lifted its position in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP purchased a new position in Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble in the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC purchased a new stake in Procter & Gamble in the 2nd quarter valued at about $37,000. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research report on Monday, October 27th. Barclays cut their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Raymond James Financial decreased their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $148.54 on Wednesday. Procter & Gamble Company has a 1-year low of $144.09 and a 1-year high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $347.09 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The firm’s 50 day simple moving average is $152.51 and its 200 day simple moving average is $156.83.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The company had revenue of $22.39 billion for 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 firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio is 61.61%.

Insiders Place Their Bets

In related news, insider Balaji Purushothaman sold 490 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the completion of the transaction, the insider directly owned 12,616 shares in the company, valued at approximately $1,920,533.68. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the transaction, the chief executive officer directly owned 319,932 shares in the company, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 150,488 shares of company stock valued at $23,529,718 over the last three months. Corporate insiders own 0.20% of the company’s stock.

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.