Kennon Green & Company LLC Has $1.40 Million Stake in Procter & Gamble Company (The) $PG

Kennon Green & Company LLC reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,680 shares of the company’s stock after selling 262 shares during the quarter. Procter & Gamble makes up about 1.1% of Kennon Green & Company LLC’s portfolio, making the stock its 24th biggest holding. Kennon Green & Company LLC’s holdings in Procter & Gamble were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Generali Asset Management SPA SGR boosted its position in Procter & Gamble by 2.8% during the second quarter. Generali Asset Management SPA SGR now owns 191,380 shares of the company’s stock worth $30,491,000 after purchasing an additional 5,125 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Procter & Gamble by 3.3% during the 2nd quarter. Ritholtz Wealth Management now owns 79,842 shares of the company’s stock worth $12,720,000 after buying an additional 2,550 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Procter & Gamble by 8.1% during the 2nd quarter. Harbour Investments Inc. now owns 243,127 shares of the company’s stock worth $38,735,000 after buying an additional 18,257 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its stake in Procter & Gamble by 21.2% in the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,303 shares of the company’s stock valued at $208,000 after buying an additional 228 shares during the last quarter. Finally, Sagespring Wealth Partners LLC raised its holdings in Procter & Gamble by 0.5% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 50,888 shares of the company’s stock valued at $8,107,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.1%

PG stock opened at $149.18 on Wednesday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The business has a 50-day simple moving average of $155.15 and a 200 day simple moving average of $159.20. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $349.15 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.91 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, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side 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 will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 13,039 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the sale, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock worth $23,421,279 in the last three months. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PG. Evercore ISI restated an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Barclays decreased their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Bank of America dropped their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. UBS Group decreased their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, Berenberg Bank lifted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Eleven research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $172.21.

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.