Meridian Investment Counsel Inc. Buys 239 Shares of Procter & Gamble Company (The) $PG

Meridian Investment Counsel Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.6% during the second quarter, Holdings Channel reports. The fund owned 4,501 shares of the company’s stock after acquiring an additional 239 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Procter & Gamble were worth $717,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Procter & Gamble in the 1st quarter valued at approximately $33,000. Mizuho Securities Co. Ltd. increased its position in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after buying an additional 170 shares during the period. Quest 10 Wealth Builders Inc. increased its position in Procter & Gamble by 50.3% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company’s stock worth $42,000 after buying an additional 82 shares during the period. Finally, Morton Brown Family Wealth LLC increased its position in Procter & Gamble by 84.6% in the 1st quarter. Morton Brown Family Wealth LLC now owns 251 shares of the company’s stock worth $43,000 after buying an additional 115 shares during the period. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

PG opened at $152.44 on Friday. The stock has a market cap of $356.78 billion, a PE ratio of 23.42, a P/E/G ratio of 4.01 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The stock’s 50 day simple moving average is $156.00 and its 200-day simple moving average is $160.60.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s payout ratio is currently 64.82%.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday. BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Berenberg Bank lifted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, Barclays set a $164.00 price target on Procter & Gamble and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.78.

Insiders Place Their Bets

In related news, CEO Sundar G. Raman sold 9,554 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company’s stock, valued at $6,624,689.76. The trade was a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the sale, the chief executive officer directly owned 27,295 shares in the company, valued at approximately $4,292,684.65. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.