Welch Group LLC Purchases 4,725 Shares of Procter & Gamble Company (The) $PG

Welch Group LLC raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the second quarter, Holdings Channel reports. The fund owned 337,798 shares of the company’s stock after acquiring an additional 4,725 shares during the period. Procter & Gamble accounts for about 2.2% of Welch Group LLC’s portfolio, making the stock its 24th biggest position. Welch Group LLC’s holdings in Procter & Gamble were worth $53,818,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Cypress Capital Group lifted its holdings in shares of Procter & Gamble by 1.0% in the second quarter. Cypress Capital Group now owns 21,675 shares of the company’s stock valued at $3,453,000 after purchasing an additional 220 shares in the last quarter. MOKAN Wealth Management Inc. raised its holdings in Procter & Gamble by 13.7% during the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after acquiring an additional 1,846 shares in the last quarter. Almanack Investment Partners LLC. raised its holdings in Procter & Gamble by 12.1% during the second quarter. Almanack Investment Partners LLC. now owns 7,809 shares of the company’s stock worth $1,244,000 after acquiring an additional 845 shares in the last quarter. Yarger Wealth Strategies LLC raised its holdings in Procter & Gamble by 13.8% during the second quarter. Yarger Wealth Strategies LLC now owns 2,565 shares of the company’s stock worth $409,000 after acquiring an additional 311 shares in the last quarter. Finally, Retirement Planning Group LLC NY raised its stake in Procter & Gamble by 2.8% in the second quarter. Retirement Planning Group LLC NY now owns 2,775 shares of the company’s stock valued at $442,000 after buying an additional 76 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BNP Paribas restated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Evercore ISI restated an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Bank of America dropped their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Berenberg Bank increased their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $172.21.

Procter & Gamble Trading Down 0.6%

Shares of PG stock opened at $149.69 on Monday. The stock’s fifty day moving average price is $155.24 and its two-hundred day moving average price is $159.41. The company has a market cap of $350.34 billion, a PE ratio of 22.99, a P/E/G ratio of 3.97 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.45 and a fifty-two week high of $180.43. 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 (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter last year, the business posted $1.40 EPS. Procter & Gamble’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. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 3,986 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the transaction, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the transaction, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their ownership of the stock. 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 company insiders.

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.