Procter & Gamble Company (The) $PG Shares Sold by Strait & Sound Wealth Management LLC

Strait & Sound Wealth Management LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,847 shares of the company’s stock after selling 262 shares during the period. Strait & Sound Wealth Management LLC’s holdings in Procter & Gamble were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock worth $476,000 after purchasing an additional 63 shares in the last quarter. Private Management Group Inc. lifted its holdings in shares of Procter & Gamble by 4.8% during the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock valued at $236,000 after acquiring an additional 64 shares in the last quarter. Lantz Financial LLC lifted its holdings in shares of Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock valued at $834,000 after acquiring an additional 64 shares in the last quarter. Orca Investment Management LLC lifted its holdings in Procter & Gamble by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock worth $516,000 after buying an additional 64 shares in the last quarter. Finally, Detalus Advisors LLC lifted its holdings in Procter & Gamble by 0.8% in the 1st quarter. Detalus Advisors LLC now owns 7,918 shares of the company’s stock worth $1,349,000 after buying an additional 65 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PG shares. Raymond James Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Berenberg Bank upped their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Saturday. Bank of America decreased their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Evercore ISI reissued an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.68.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the transaction, the chief financial officer owned 53,992 shares of the company’s stock, valued at $8,219,202.16. The trade was a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Balaji Purushothaman sold 490 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $74,592.70. Following the completion of the transaction, the insider owned 12,616 shares in the company, valued at approximately $1,920,533.68. This trade represents a 3.74% 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 in the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $152.62 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. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. The company has a market capitalization of $357.21 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The firm’s 50 day moving average is $154.66 and its 200-day moving average is $158.41.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. During the same period in the previous year, the company earned $1.93 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.