Signal Tree Financial Partners LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,714 shares of the company’s stock, valued at approximately $273,000.
A number of other large investors have also added to or reduced their stakes in the company. Unique Wealth LLC increased its holdings in shares of Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company’s stock valued at $365,000 after acquiring an additional 61 shares in the last quarter. Stableford Capital II LLC increased its holdings in shares of Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock valued at $993,000 after acquiring an additional 61 shares in the last quarter. Bernard Wealth Management Corp. increased its holdings in shares of Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company’s stock valued at $64,000 after acquiring an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after acquiring an additional 63 shares in the last quarter. Finally, First Citizens Financial Corp increased its holdings in shares of Procter & Gamble by 1.8% during the first quarter. First Citizens Financial Corp now owns 3,664 shares of the company’s stock valued at $624,000 after acquiring an additional 64 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PG. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.94.
Insider Activity at Procter & Gamble
In related news, CEO Sundar G. Raman sold 9,554 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is owned by company insiders.
Procter & Gamble Trading Down 0.1%
NYSE PG opened at $152.35 on Thursday. The firm’s 50-day moving average is $156.12 and its two-hundred day moving average is $160.91. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market capitalization of $356.58 billion, a P/E ratio of 23.40, a PEG ratio of 4.02 and a beta of 0.36.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is 64.98%.
About Procter & Gamble
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.
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