Family Capital Management Inc. bought a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,515 shares of the company’s stock, valued at approximately $241,000.
A number of other institutional investors have also modified their holdings of PG. Kingstone Capital Partners Texas LLC raised its stake in shares of Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after buying an additional 76,017,350 shares during the last quarter. Nuveen LLC purchased a new position in shares of Procter & Gamble during the 1st quarter valued at about $1,954,941,000. Price T Rowe Associates Inc. MD raised its stake in shares of Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock valued at $3,660,737,000 after buying an additional 2,466,308 shares during the last quarter. Invesco Ltd. raised its stake in shares of Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock valued at $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Procter & Gamble by 1,875.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company’s stock valued at $280,946,000 after buying an additional 1,674,139 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on PG. UBS Group reduced their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Barclays cut their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Raymond James Financial cut their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday. Finally, BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.68.
Procter & Gamble Trading Down 0.2%
PG stock opened at $151.61 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. The stock has a market cap of $354.84 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 4.03 and a beta of 0.36. The business’s 50-day moving average is $154.79 and its 200 day moving average is $158.54.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (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 company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. Procter & Gamble’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. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. 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 payout ratio is currently 64.98%.
Insider Buying and Selling at Procter & Gamble
In other news, CFO Andre Schulten sold 11,638 shares of the business’s 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 $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,763 shares of company stock worth $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.
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