Global Trust Asset Management LLC Lowers Stock Position in Procter & Gamble Company (The) $PG

Global Trust Asset Management LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,550 shares of the company’s stock after selling 74 shares during the period. Procter & Gamble accounts for 0.8% of Global Trust Asset Management LLC’s holdings, making the stock its 27th biggest holding. Global Trust Asset Management LLC’s holdings in Procter & Gamble were worth $1,522,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Smith Salley Wealth Management lifted its holdings in Procter & Gamble by 2.4% in the 2nd quarter. Smith Salley Wealth Management now owns 156,047 shares of the company’s stock worth $24,861,000 after purchasing an additional 3,683 shares in the last quarter. Addenda Capital Inc. lifted its holdings in Procter & Gamble by 28.2% in the 2nd quarter. Addenda Capital Inc. now owns 43,485 shares of the company’s stock worth $6,928,000 after purchasing an additional 9,560 shares in the last quarter. City Holding Co. lifted its holdings in Procter & Gamble by 0.9% in the 2nd quarter. City Holding Co. now owns 57,354 shares of the company’s stock worth $9,137,000 after purchasing an additional 523 shares in the last quarter. Grandview Asset Management LLC lifted its holdings in Procter & Gamble by 3.9% in the 2nd quarter. Grandview Asset Management LLC now owns 2,240 shares of the company’s stock worth $357,000 after purchasing an additional 85 shares in the last quarter. Finally, Patton Albertson Miller Group LLC raised its holdings in shares of Procter & Gamble by 4.5% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 21,537 shares of the company’s stock worth $3,431,000 after acquiring an additional 919 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Susan Street Whaley sold 1,000 shares of the company’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the completion of the sale, the insider directly owned 28,436 shares in the company, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was 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 owned 27,295 shares of the company’s stock, valued at $4,292,684.65. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PG. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, BNP Paribas reissued an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.68.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $152.44 on Monday. The stock’s fifty day moving average is $156.00 and its two-hundred day moving average is $160.49. The company has a market capitalization of $356.78 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. 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.