Pitcairn Co. Has $16.67 Million Stock Position in Procter & Gamble Company (The) $PG

Pitcairn Co. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,641 shares of the company’s stock after selling 4,673 shares during the period. Procter & Gamble makes up approximately 1.1% of Pitcairn Co.’s investment portfolio, making the stock its 15th largest holding. Pitcairn Co.’s holdings in Procter & Gamble were worth $16,671,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $26,000. Signature Resources Capital Management LLC grew its holdings in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Quarry LP bought a new stake in Procter & Gamble in the first quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble in the second quarter worth $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble during the second quarter worth $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. UBS Group lowered their price target on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research note on Monday, October 27th. Finally, Wells Fargo & Company cut their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.40.

Insider Activity

In related news, insider Susan Street Whaley sold 2,408 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $366,569.84. Following the completion of the transaction, the insider directly owned 31,770 shares of the company’s stock, valued at approximately $4,836,347.10. This represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 3,535 shares of the business’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 $538,133.05. Following the transaction, the chief executive officer directly owned 34,816 shares in the company, valued at $5,300,039.68. This trade represents a 9.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 30,308 shares of company stock worth $4,611,852. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 1.4%

Shares of Procter & Gamble stock opened at $142.77 on Friday. The firm has a market cap of $333.61 billion, a PE ratio of 20.84, a P/E/G ratio of 4.80 and a beta of 0.39. The business’s 50 day simple moving average is $147.84 and its 200 day simple moving average is $154.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the firm posted $1.93 EPS. The business’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. On average, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s payout ratio is presently 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.