Kovitz Investment Group Partners LLC Buys 7,841 Shares of Procter & Gamble Company (The) $PG

Kovitz Investment Group Partners LLC grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.4% during the third quarter, Holdings Channel.com reports. The fund owned 186,710 shares of the company’s stock after purchasing an additional 7,841 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Procter & Gamble were worth $28,688,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. WP Advisors LLC increased its holdings in Procter & Gamble by 4.9% during the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after purchasing an additional 66 shares during the period. Emprise Bank lifted its holdings in shares of Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after buying an additional 68 shares during the period. Affiance Financial LLC grew its position in shares of Procter & Gamble by 2.5% during the 3rd quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock worth $431,000 after buying an additional 69 shares in the last quarter. Vermillion & White Wealth Management Group LLC increased its position in Procter & Gamble by 12.9% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock valued at $99,000 after purchasing an additional 71 shares during the period. Finally, Dominguez Wealth Management Solutions Inc. increased its holdings in Procter & Gamble by 0.3% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock valued at $3,144,000 after buying an additional 71 shares during the period. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on PG. Barclays set a $155.00 target price on shares of Procter & Gamble in a research report on Friday, January 16th. Piper Sandler began coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Rothschild & Co Redburn upped their target price on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Insider Activity

In other news, insider Balaji Purushothaman sold 12,827 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the sale, the insider directly owned 12,639 shares of the company’s stock, valued at $2,026,158.09. This represents a 50.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 341,260 shares of company stock valued at $54,256,985 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 1.4%

Shares of PG opened at $160.77 on Monday. The company has a market capitalization of $373.62 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 5.34 and a beta of 0.38. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The stock’s 50-day moving average price is $149.02 and its 200-day moving average price is $150.68. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly 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 company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period last year, the business earned $1.88 earnings per share. Procter & Gamble’s quarterly revenue 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, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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