OLD Second National Bank of Aurora Cuts Position in Procter & Gamble Company (The) $PG

OLD Second National Bank of Aurora lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.9% during the 2nd quarter, Holdings Channel reports. The firm owned 21,193 shares of the company’s stock after selling 638 shares during the period. OLD Second National Bank of Aurora’s holdings in Procter & Gamble were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Triad Wealth Partners LLC increased its stake in shares of Procter & Gamble by 18.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 6,623 shares of the company’s stock worth $1,055,000 after purchasing an additional 1,047 shares during the last quarter. Red Mountain Financial LLC boosted its position in Procter & Gamble by 5.3% during the second quarter. Red Mountain Financial LLC now owns 2,441 shares of the company’s stock worth $403,000 after purchasing an additional 123 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Procter & Gamble by 5.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 331,443 shares of the company’s stock worth $52,806,000 after buying an additional 17,697 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its position in shares of Procter & Gamble by 4.7% during the second quarter. Cornell Pochily Investment Advisors Inc. now owns 29,201 shares of the company’s stock worth $4,652,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Procter & Gamble by 9.9% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 8,496 shares of the company’s stock worth $1,302,000 after purchasing an additional 762 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PG. 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. Barclays cut their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday. Evercore ISI reiterated an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Berenberg Bank boosted their target price 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, BNP Paribas restated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $173.11.

Insider Activity

In other news, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.7%

Shares of NYSE:PG opened at $152.06 on Friday. The firm has a market capitalization of $355.90 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 4.04 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a fifty day moving average of $155.63 and a 200 day moving average of $160.17.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. 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 fiscal 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 given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.

Procter & Gamble Company Profile

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.