Procter & Gamble Company (The) $PG Shares Bought by Abacus Planning Group Inc.

Abacus Planning Group Inc. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,132 shares of the company’s stock after acquiring an additional 373 shares during the period. Abacus Planning Group Inc.’s holdings in Procter & Gamble were worth $977,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new stake in shares of Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC raised its position in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Quarry LP acquired a new stake in shares of Procter & Gamble in the first quarter valued at about $33,000. Mizuho Securities Co. Ltd. raised its position in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. raised its position in shares of Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company’s stock valued at $42,000 after buying an additional 82 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of PG opened at $152.06 on Friday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The stock has a market cap of $355.90 billion, a PE ratio of 23.36, a P/E/G ratio of 4.04 and a beta of 0.36. The firm has a 50-day simple moving average of $155.63 and a two-hundred day simple moving average of $160.17. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, 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. Shareholders of record on Friday, July 18th were given 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 dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.82%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the firm’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 $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares of the company’s stock, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the completion of the transaction, the insider directly owned 28,436 shares of the company’s stock, valued at approximately $4,459,902.24. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PG has been the subject of a number of recent research reports. Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Berenberg Bank raised their price objective on shares of 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 cut their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus 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.