Grimes & Company Inc. Has $5.55 Million Stock Holdings in Procter & Gamble Company (The) $PG

Grimes & Company Inc. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.6% in the second quarter, Holdings Channel.com reports. The firm owned 34,825 shares of the company’s stock after purchasing an additional 1,540 shares during the quarter. Grimes & Company Inc.’s holdings in Procter & Gamble were worth $5,548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Three Bridge Wealth Advisors LLC increased its position in shares of Procter & Gamble by 54.3% during the second quarter. Three Bridge Wealth Advisors LLC now owns 4,175 shares of the company’s stock worth $665,000 after acquiring an additional 1,470 shares in the last quarter. Merit Financial Group LLC increased its holdings in Procter & Gamble by 22.5% during the 2nd quarter. Merit Financial Group LLC now owns 135,677 shares of the company’s stock worth $21,616,000 after purchasing an additional 24,889 shares in the last quarter. Legacy Trust raised its stake in shares of Procter & Gamble by 2.8% in the 2nd quarter. Legacy Trust now owns 4,953 shares of the company’s stock valued at $789,000 after purchasing an additional 136 shares during the period. Beacon Financial Advisory LLC lifted its holdings in shares of Procter & Gamble by 10.1% in the second quarter. Beacon Financial Advisory LLC now owns 3,413 shares of the company’s stock valued at $544,000 after purchasing an additional 312 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its position in shares of Procter & Gamble by 10.2% during the second quarter. Gemmer Asset Management LLC now owns 3,449 shares of the company’s stock worth $549,000 after buying an additional 318 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Jennifer L. Davis sold 8,596 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 transaction of $1,351,892.92. Following the completion of the transaction, the chief executive officer directly owned 64,991 shares in the company, valued at approximately $10,221,134.57. The trade was a 11.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the completion of the sale, the insider owned 28,436 shares in the company, valued at approximately $4,459,902.24. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,181 shares of company stock valued at $18,918,012. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Evercore ISI reissued an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays lowered their price objective 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. JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $173.11.

Procter & Gamble Price Performance

Shares of PG opened at $152.19 on Monday. 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’s fifty day simple moving average is $155.51 and its 200 day simple moving average is $159.95. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a market cap of $356.20 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 64.82%.

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.