Greystone Financial Group LLC Sells 49,066 Shares of Procter & Gamble Company (The) $PG

Greystone Financial Group LLC lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 97.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,318 shares of the company’s stock after selling 49,066 shares during the period. Greystone Financial Group LLC’s holdings in Procter & Gamble were worth $203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MOKAN Wealth Management Inc. grew its stake in Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after acquiring an additional 1,846 shares in the last quarter. Czech National Bank boosted its holdings in shares of Procter & Gamble by 3.8% in the third quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after purchasing an additional 21,825 shares during the period. Vega Investment Solutions grew its stake in Procter & Gamble by 1.3% in the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after purchasing an additional 8,500 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in Procter & Gamble during the 2nd quarter valued at $4,796,000. Finally, Caliber Wealth Management LLC KS lifted its holdings in shares of Procter & Gamble by 36.2% in the 2nd quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after buying an additional 4,730 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 1.1%

Procter & Gamble stock opened at $141.77 on Monday. Procter & Gamble Company has a 1-year low of $138.14 and a 1-year high of $179.99. The business has a fifty day moving average price of $145.94 and a 200-day moving average price of $152.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The stock has a market capitalization of $331.29 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 4.78 and a beta of 0.39.

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

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.61%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PG shares. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Raymond James Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. JPMorgan Chase & Co. reduced their price objective on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Procter & Gamble 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.