Chesley Taft & Associates LLC Sells 1,484 Shares of Procter & Gamble Company (The) $PG

Chesley Taft & Associates LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,051 shares of the company’s stock after selling 1,484 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Procter & Gamble were worth $6,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Benjamin Edwards Inc. raised its position in Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after purchasing an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock valued at $6,426,000 after purchasing an additional 4,562 shares during the period. World Investment Advisors raised its holdings in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after buying an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock worth $20,451,000 after buying an additional 25,059 shares during the period. Finally, Kelly Financial Services LLC boosted its stake in Procter & Gamble by 8.7% in the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock valued at $294,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 0.8%

Shares of NYSE PG opened at $158.08 on Wednesday. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. 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 market cap of $369.98 billion, a P/E ratio of 24.28, a P/E/G ratio of 4.14 and a beta of 0.36. The firm has a 50 day moving average price of $156.14 and a 200 day moving average price of $161.62.

Procter & Gamble (NYSE:PG) last posted its 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. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the business posted $1.40 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the sale, the chief operating officer owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the sale, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on PG. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Evercore ISI reissued an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Wells Fargo & Company dropped their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.12.

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.