Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 1,244 Shares of Procter & Gamble Company (The) $PG

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 32,922 shares of the company’s stock after buying an additional 1,244 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Procter & Gamble were worth $5,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. HighMark Wealth Management LLC grew its position in Procter & Gamble by 45.2% during the second quarter. HighMark Wealth Management LLC now owns 5,143 shares of the company’s stock valued at $819,000 after buying an additional 1,602 shares during the period. Gray Private Wealth LLC grew its position in Procter & Gamble by 15.0% during the second quarter. Gray Private Wealth LLC now owns 1,751 shares of the company’s stock valued at $279,000 after buying an additional 229 shares during the period. Custos Family Office LLC grew its position in Procter & Gamble by 23.0% during the second quarter. Custos Family Office LLC now owns 1,608 shares of the company’s stock valued at $256,000 after buying an additional 301 shares during the period. Greenwood Capital Associates LLC lifted its holdings in Procter & Gamble by 30.4% during the second 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 in the last quarter. Finally, Atwater Malick LLC lifted its holdings in Procter & Gamble by 0.3% during the second quarter. Atwater Malick LLC now owns 64,510 shares of the company’s stock valued at $10,278,000 after purchasing an additional 220 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Barclays lowered 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday, September 27th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.11.

Procter & Gamble Price Performance

PG stock opened at $152.19 on Friday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company’s fifty day moving average price is $155.51 and its 200-day moving average price is $160.06. 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 company 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.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS 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 firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The company’s quarterly revenue 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. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. 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 2.8%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company’s stock, valued at $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last quarter. 0.20% of the stock is currently owned by insiders.

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.