Procter & Gamble Company (The) $PG Shares Sold by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,191 shares of the company’s stock after selling 105 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Procter & Gamble were worth $668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Abacus Planning Group Inc. increased its stake in shares of Procter & Gamble by 6.5% during the second quarter. Abacus Planning Group Inc. now owns 6,132 shares of the company’s stock worth $977,000 after purchasing an additional 373 shares in the last quarter. Trinity Legacy Partners LLC lifted its stake in Procter & Gamble by 0.7% in the 2nd quarter. Trinity Legacy Partners LLC now owns 34,790 shares of the company’s stock valued at $5,348,000 after buying an additional 248 shares in the last quarter. Hilltop National Bank purchased a new stake in Procter & Gamble during the 2nd quarter worth approximately $2,563,000. Triad Wealth Partners LLC increased its stake in Procter & Gamble by 18.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 6,623 shares of the company’s stock worth $1,055,000 after buying an additional 1,047 shares in the last quarter. Finally, Red Mountain Financial LLC raised its holdings in shares of Procter & Gamble by 5.3% during the second quarter. Red Mountain Financial LLC now owns 2,441 shares of the company’s stock valued at $403,000 after acquiring an additional 123 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PG shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas reissued an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Barclays cut their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday. Eleven 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 company has an average rating of “Moderate Buy” and a consensus target price of $173.11.

Insider Activity at Procter & Gamble

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

Procter & Gamble Stock Up 0.1%

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 firm 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. The firm’s 50 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.

Procter & Gamble (NYSE:PG) last posted its 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. The company had revenue of $20.89 billion for 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%.The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given 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 2.8%. Procter & Gamble’s payout ratio is presently 64.98%.

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.