Verdence Capital Advisors LLC Purchases 119 Shares of Procter & Gamble Company (The) $PG

Verdence Capital Advisors LLC increased its position in Procter & Gamble Company (The) (NYSE:PG) by 0.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,379 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Procter & Gamble were worth $8,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PG. Delaney Dennis R boosted its position in Procter & Gamble by 1.2% during the 2nd quarter. Delaney Dennis R now owns 41,040 shares of the company’s stock valued at $6,538,000 after acquiring an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Procter & Gamble by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 202,617 shares of the company’s stock valued at $32,281,000 after acquiring an additional 1,100 shares in the last quarter. Concord Asset Management LLC VA boosted its position in Procter & Gamble by 36.0% during the 2nd quarter. Concord Asset Management LLC VA now owns 21,666 shares of the company’s stock valued at $3,452,000 after acquiring an additional 5,734 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Procter & Gamble by 4.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 331,477 shares of the company’s stock valued at $52,811,000 after acquiring an additional 13,663 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. boosted its position in Procter & Gamble by 8.0% during the 2nd quarter. Total Clarity Wealth Management Inc. now owns 2,435 shares of the company’s stock valued at $388,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Berenberg Bank increased their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. 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, October 1st. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a report on Friday. Finally, Bank of America reduced their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Insider Activity

In other news, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer owned 319,932 shares in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $147.54 on Tuesday. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43. 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 firm has a market capitalization of $345.32 billion, a P/E ratio of 22.66, a PEG ratio of 3.97 and a beta of 0.36. The stock has a 50-day simple moving average of $155.18 and a two-hundred day simple moving average of $159.27.

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. 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 analysts’ expectations of $20.79 billion. During the same period last year, the firm earned $1.40 EPS. The company’s quarterly 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, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

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.