Prosperity Financial Group Inc. Trims Stake in Procter & Gamble Company (The) $PG

Prosperity Financial Group Inc. lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 8.6% during the second quarter, Holdings Channel.com reports. The firm owned 3,880 shares of the company’s stock after selling 364 shares during the quarter. Prosperity Financial Group Inc.’s holdings in Procter & Gamble were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. Kingstone Capital Partners Texas LLC grew its holdings in shares of Procter & Gamble by 655,209.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after buying an additional 76,017,350 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Procter & Gamble during the first quarter valued at approximately $1,954,941,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock valued at $3,660,737,000 after buying an additional 2,466,308 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock valued at $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company’s stock valued at $280,946,000 after buying an additional 1,674,139 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PG shares. UBS Group cut their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Evercore ISI restated an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Finally, Raymond James Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.68.

Insider Activity

In other news, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This trade represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $74,592.70. Following the sale, the insider owned 12,616 shares in the company, valued at $1,920,533.68. The trade was a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 0.3%

PG opened at $152.12 on Thursday. The company has a market capitalization of $356.03 billion, a PE ratio of 23.37, a PEG ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The firm’s 50 day simple moving average is $154.73 and its two-hundred day simple moving average is $158.50. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced 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 for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.98%.

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.