Financial Connections Group Inc. Buys 343 Shares of Procter & Gamble Company (The) $PG

Financial Connections Group Inc. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2,143.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 359 shares of the company’s stock after purchasing an additional 343 shares during the period. Financial Connections Group Inc.’s holdings in Procter & Gamble were worth $57,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in Procter & Gamble during the 1st quarter valued at about $26,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% during the 2nd 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 in the last quarter. Quarry LP bought a new stake in Procter & Gamble during the 1st quarter valued at about $33,000. Mizuho Securities Co. Ltd. lifted its holdings in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at about $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.6%

NYSE PG opened at $149.69 on Friday. 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 firm has a market cap of $350.34 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a 50 day moving average price of $155.24 and a 200 day moving average price of $159.48. Procter & Gamble Company has a 52 week low of $149.45 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, 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 net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 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 transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock worth $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PG shares. Wells Fargo & Company decreased their price objective on shares of 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 Exane reduced their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $172.21.

Procter & Gamble 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.