Ascent Group LLC Acquires 9,634 Shares of Procter & Gamble Company (The) $PG

Ascent Group LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 13.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,703 shares of the company’s stock after purchasing an additional 9,634 shares during the period. Ascent Group LLC’s holdings in Procter & Gamble were worth $12,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of Procter & Gamble by 3.9% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 32,922 shares of the company’s stock valued at $5,245,000 after purchasing an additional 1,244 shares during the last quarter. HighMark Wealth Management LLC increased its stake in shares of Procter & Gamble by 45.2% in the 2nd quarter. HighMark Wealth Management LLC now owns 5,143 shares of the company’s stock valued at $819,000 after purchasing an additional 1,602 shares during the last quarter. Gray Private Wealth LLC increased its stake in shares of Procter & Gamble by 15.0% in the 2nd quarter. Gray Private Wealth LLC now owns 1,751 shares of the company’s stock valued at $279,000 after purchasing an additional 229 shares during the last quarter. Custos Family Office LLC increased its stake in shares of Procter & Gamble by 23.0% in the 2nd quarter. Custos Family Office LLC now owns 1,608 shares of the company’s stock valued at $256,000 after purchasing an additional 301 shares during the last quarter. Finally, Greenwood Capital Associates LLC increased its stake in shares of Procter & Gamble by 30.4% in the 2nd quarter. Greenwood Capital Associates LLC now owns 34,988 shares of the company’s stock valued at $5,574,000 after purchasing an additional 8,166 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays reduced their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Evercore ISI restated an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.11.

Procter & Gamble Trading Up 0.1%

NYSE PG opened at $152.19 on Friday. The business’s 50-day moving average price is $155.51 and its two-hundred day moving average price is $160.06. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The firm has a market capitalization of $356.20 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 4.01 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

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 $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s payout ratio is 64.98%.

Insider Buying and Selling

In other news, COO Shailesh Jejurikar sold 13,039 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last three months. Insiders own 0.20% of the company’s stock.

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.