Centerpoint Advisors LLC Trims Stock Position in Procter & Gamble Company (The) $PG

Centerpoint Advisors LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 762 shares of the company’s stock after selling 105 shares during the period. Centerpoint Advisors LLC’s holdings in Procter & Gamble were worth $121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble during the first quarter worth $26,000. Signature Resources Capital Management LLC raised its holdings in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP purchased a new position in shares of Procter & Gamble during the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble during the second quarter valued at $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the second quarter valued at $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PG shares. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday. UBS Group dropped 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 report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research report on Monday. Evercore ISI restated an “in-line” rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Barclays dropped their price target on shares of 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. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $171.53.

Insider Activity

In related news, insider Marc S. Pritchard sold 9,849 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares in the company, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock valued at $23,421,279 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 0.6%

Shares of NYSE PG opened at $151.62 on Tuesday. The company’s 50-day simple moving average is $154.58 and its 200-day simple moving average is $158.31. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The firm has a market cap of $354.85 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.45.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.51%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter last year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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 given 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 61.75%.

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.