Procter & Gamble Company (The) $PG Shares Bought by Summit Financial LLC

Summit Financial LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,510 shares of the company’s stock after purchasing an additional 5,651 shares during the period. Summit Financial LLC’s holdings in Procter & Gamble were worth $7,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Navigoe LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after acquiring an additional 170 shares during the last quarter. Finally, Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PG shares. Wells Fargo & Company dropped 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. BNP Paribas restated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Citigroup dropped their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $175.94.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $159.4180 on Thursday. 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 stock has a fifty day moving average of $156.91 and a two-hundred day moving average of $163.11. The company has a market capitalization of $373.42 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 4.18 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the sale, the insider owned 182,422 shares of the company’s stock, valued at $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 319 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $50,169.13. Following the completion of the sale, the chief accounting officer directly owned 1,704 shares of the company’s stock, valued at approximately $267,988.08. This represents a 15.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,837 shares of company stock valued at $14,285,935. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company 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.