OneAscent Financial Services LLC Sells 18,944 Shares of Procter & Gamble Company (The) $PG

OneAscent Financial Services LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 66.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,402 shares of the company’s stock after selling 18,944 shares during the period. OneAscent Financial Services LLC’s holdings in Procter & Gamble were worth $1,445,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble in the 3rd quarter valued at $25,000. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the first quarter worth about $26,000. Signature Resources Capital Management LLC increased its stake 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 acquiring an additional 72 shares during the period. Quarry LP acquired a new position in Procter & Gamble in the 1st quarter valued at approximately $33,000. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $34,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 1.0%

Shares of Procter & Gamble stock opened at $140.36 on Tuesday. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99. The stock has a market capitalization of $327.98 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 4.78 and a beta of 0.39. The company has a 50-day simple moving average of $145.71 and a 200 day simple moving average of $152.00. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

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 firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is presently 61.75%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Bank of America lowered their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of 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 investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.81.

Insider Buying and Selling

In other news, CAO Matthew W. Janzaruk sold 725 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

About Procter & Gamble

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.