Sims Investment Management LLC Sells 78 Shares of Procter & Gamble Company (The) $PG

Sims Investment Management LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,554 shares of the company’s stock after selling 78 shares during the period. Sims Investment Management LLC’s holdings in Procter & Gamble were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Brighton Jones LLC grew its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. grew its stake in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the last quarter. GAMMA Investing LLC grew its stake in Procter & Gamble by 22.4% in the first quarter. GAMMA Investing LLC now owns 46,658 shares of the company’s stock valued at $7,951,000 after purchasing an additional 8,537 shares during the last quarter. Summit Wealth Group LLC grew its stake in Procter & Gamble by 11.2% in the first quarter. Summit Wealth Group LLC now owns 7,437 shares of the company’s stock valued at $1,267,000 after purchasing an additional 752 shares during the last quarter. Finally, L.M. Kohn & Company grew its stake in Procter & Gamble by 102.1% in the first quarter. L.M. Kohn & Company now owns 31,276 shares of the company’s stock valued at $5,330,000 after purchasing an additional 15,797 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 1.3%

Procter & Gamble stock opened at $151.53 on Friday. 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 Company has a 52 week low of $146.96 and a 52 week high of $180.43. The company has a market capitalization of $354.66 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. The stock has a 50-day moving average price of $154.92 and a 200 day moving average price of $158.77.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. 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 year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is 64.98%.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of the company’s stock in a transaction that occurred 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 owned 319,932 shares in the company, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 3,986 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on PG. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. BNP Paribas restated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

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.