Tufton Capital Management Sells 1,915 Shares of Procter & Gamble Company (The) $PG

Tufton Capital Management cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,897 shares of the company’s stock after selling 1,915 shares during the period. Procter & Gamble accounts for approximately 1.9% of Tufton Capital Management’s portfolio, making the stock its 14th largest holding. Tufton Capital Management’s holdings in Procter & Gamble were worth $9,861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. NewSquare Capital LLC increased its position in shares of Procter & Gamble by 33.0% during the second quarter. NewSquare Capital LLC now owns 1,036 shares of the company’s stock valued at $165,000 after buying an additional 257 shares during the period. J. W. Coons Advisors LLC grew its holdings in shares of Procter & Gamble by 0.6% during the second quarter. J. W. Coons Advisors LLC now owns 27,135 shares of the company’s stock worth $4,323,000 after purchasing an additional 150 shares in the last quarter. Elyxium Wealth LLC grew its holdings in shares of Procter & Gamble by 1.9% during the second quarter. Elyxium Wealth LLC now owns 17,707 shares of the company’s stock worth $2,821,000 after purchasing an additional 333 shares in the last quarter. Huntington National Bank grew its holdings in shares of Procter & Gamble by 1.9% during the second quarter. Huntington National Bank now owns 1,005,647 shares of the company’s stock worth $160,220,000 after purchasing an additional 18,841 shares in the last quarter. Finally, MKP Capital Management L.L.C. purchased a new position in shares of Procter & Gamble during the second quarter worth about $25,173,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at $7,139,434.77. The trade was a 7.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the sale, the chief accounting officer owned 979 shares of the company’s stock, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 150,488 shares of company stock worth $23,529,718 in the last three months. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

PG opened at $147.90 on Tuesday. The stock has a fifty day simple moving average of $153.72 and a two-hundred day simple moving average of $157.61. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The company has a market cap of $345.61 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same period last year, the company earned $1.93 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

Analyst Upgrades and Downgrades

PG has been the subject of several recent analyst reports. Evercore ISI reissued 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Dbs Bank raised Procter & Gamble to a “moderate buy” rating in a research note on Tuesday, October 28th. Berenberg Bank increased their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Finally, Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

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.