Carmel Capital Partners LLC Reduces Stock Position in Procter & Gamble Company (The) $PG

Carmel Capital Partners LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.9% in the second quarter, Holdings Channel.com reports. The firm owned 2,252 shares of the company’s stock after selling 142 shares during the quarter. Carmel Capital Partners LLC’s holdings in Procter & Gamble were worth $359,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Chevy Chase Trust Holdings LLC grew its position in shares of Procter & Gamble by 0.5% in the second quarter. Chevy Chase Trust Holdings LLC now owns 1,284,604 shares of the company’s stock valued at $204,663,000 after purchasing an additional 6,751 shares in the last quarter. Arista Wealth Management LLC grew its position in shares of Procter & Gamble by 829.2% in the second quarter. Arista Wealth Management LLC now owns 10,965 shares of the company’s stock valued at $1,747,000 after purchasing an additional 9,785 shares in the last quarter. Koa Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $769,000. Stratos Wealth Advisors LLC grew its position in shares of Procter & Gamble by 2.4% in the second quarter. Stratos Wealth Advisors LLC now owns 71,905 shares of the company’s stock valued at $11,456,000 after purchasing an additional 1,690 shares in the last quarter. Finally, Stratos Investment Management LLC grew its position in shares of Procter & Gamble by 3.1% in the second quarter. Stratos Investment Management LLC now owns 43,100 shares of the company’s stock valued at $6,867,000 after purchasing an additional 1,291 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the subject of several analyst reports. Barclays lowered their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. BNP Paribas Exane lowered their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wells Fargo & Company lowered their price objective on 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 reiterated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Berenberg Bank increased their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Procter & Gamble Trading Up 1.3%

PG opened at $151.53 on Friday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The business has a fifty day simple moving average of $154.92 and a 200-day simple moving average of $158.84. The firm has a market cap of $354.66 billion, a P/E ratio of 23.28, a P/E/G ratio of 3.97 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS 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 business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the business posted $1.40 earnings per share. 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 expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed 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. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares in the company, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andre Schulten sold 4,252 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $647,281.96. Following the completion of the sale, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by company insiders.

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.