Procter & Gamble Company (The) $PG Shares Sold by Clarity Financial LLC

Clarity Financial LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 15.0% in the second quarter, HoldingsChannel reports. The firm owned 137,350 shares of the company’s stock after selling 24,156 shares during the quarter. Procter & Gamble makes up about 2.4% of Clarity Financial LLC’s investment portfolio, making the stock its 17th biggest position. Clarity Financial LLC’s holdings in Procter & Gamble were worth $21,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin Edwards Inc. boosted its holdings in Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after purchasing an additional 199,258 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock worth $6,426,000 after buying an additional 4,562 shares during the last quarter. World Investment Advisors lifted its holdings in Procter & Gamble by 6.0% during the 1st quarter. World Investment Advisors now owns 50,913 shares of the company’s stock worth $8,677,000 after buying an additional 2,886 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Procter & Gamble by 26.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock worth $20,451,000 after buying an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC lifted its holdings in Procter & Gamble by 8.7% during the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock worth $294,000 after buying an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.4%

PG opened at $152.97 on Thursday. The business has a 50 day moving average price of $155.77 and a two-hundred day moving average price of $160.29. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $358.03 billion, a PE ratio of 23.50, a P/E/G ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG) last posted 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 firm had revenue of $20.89 billion during 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%.The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed 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 of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 64.98%.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 8,596 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer directly owned 64,991 shares of the company’s stock, valued at $10,221,134.57. This represents a 11.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares of the company’s stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last quarter. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of recent analyst reports. Barclays decreased their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday. Wells Fargo & Company decreased their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Evercore ISI reissued an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.11.

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.