Journey Advisory Group LLC Sells 9,462 Shares of Procter & Gamble Company (The) $PG

Journey Advisory Group LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.2% in the third quarter, Holdings Channel.com reports. The firm owned 173,199 shares of the company’s stock after selling 9,462 shares during the period. Procter & Gamble comprises 2.0% of Journey Advisory Group LLC’s portfolio, making the stock its 8th largest holding. Journey Advisory Group LLC’s holdings in Procter & Gamble were worth $26,612,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth approximately $25,000. Corundum Trust Company INC bought a new position in Procter & Gamble during the 3rd quarter valued at $32,000. Marquette Asset Management LLC bought a new position in Procter & Gamble during the 3rd quarter valued at $37,000. Redmont Wealth Advisors LLC acquired a new position in Procter & Gamble during the 3rd quarter worth $40,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth about $44,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the transaction, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 341,260 shares of company stock worth $54,256,985 over the last ninety days. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, UBS Group raised their price objective on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $160.77 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The company has a market cap of $373.62 billion, a PE ratio of 23.82, a P/E/G ratio of 5.27 and a beta of 0.38. The stock has a 50 day simple moving average of $149.02 and a 200-day simple moving average of $150.70. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio is presently 62.67%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.