Mattern Capital Management LLC Raises Stake in Procter & Gamble Company (The) $PG

Mattern Capital Management LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,366 shares of the company’s stock after purchasing an additional 620 shares during the period. Mattern Capital Management LLC’s holdings in Procter & Gamble were worth $8,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares in the last quarter. Nuveen LLC bought a new stake in shares of Procter & Gamble in the first quarter valued at about $1,954,941,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock valued at $3,660,737,000 after acquiring an additional 2,466,308 shares in the last quarter. Invesco Ltd. lifted its stake in Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Procter & Gamble by 140.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,663,246 shares of the company’s stock worth $453,870,000 after acquiring an additional 1,555,504 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research report on Saturday, September 27th. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Barclays dropped their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, BNP Paribas Exane dropped their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.11.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the sale, the insider owned 182,422 shares of the company’s stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 sale, the chief financial officer owned 52,642 shares in the company, valued at approximately $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 quarter, insiders have sold 120,181 shares of company stock valued at $18,918,012. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $152.19 on Friday. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The business’s fifty day simple moving average is $155.51 and its 200-day simple moving average is $160.06. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $356.20 billion, a PE ratio of 23.38, a PEG ratio of 4.01 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced 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 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 the consensus estimate of $20.79 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. 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 declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date 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%.

Procter & Gamble 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.