Assetmark Inc. Raises Position in Procter & Gamble Company (The) $PG

Assetmark Inc. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,528,923 shares of the company’s stock after purchasing an additional 81,411 shares during the period. Assetmark Inc.’s holdings in Procter & Gamble were worth $243,588,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Buck Wealth Strategies LLC increased its stake in shares of Procter & Gamble by 12.4% during the 2nd quarter. Buck Wealth Strategies LLC now owns 63,793 shares of the company’s stock worth $10,163,000 after purchasing an additional 7,058 shares during the last quarter. Arkadios Wealth Advisors grew its stake in Procter & Gamble by 23.8% in the 2nd quarter. Arkadios Wealth Advisors now owns 71,341 shares of the company’s stock valued at $11,366,000 after buying an additional 13,705 shares in the last quarter. World Investment Advisors grew its stake in Procter & Gamble by 66.4% in the 2nd quarter. World Investment Advisors now owns 84,716 shares of the company’s stock valued at $13,497,000 after buying an additional 33,803 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in Procter & Gamble by 3.1% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 44,913 shares of the company’s stock valued at $7,156,000 after buying an additional 1,343 shares in the last quarter. Finally, Mayflower Financial Advisors LLC grew its stake in Procter & Gamble by 2.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 17,365 shares of the company’s stock valued at $2,767,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.8%

Shares of NYSE:PG opened at $148.63 on Thursday. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The firm has a fifty day moving average price of $154.23 and a two-hundred day moving average price of $158.09. The company has a market cap of $347.32 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.95 and a beta of 0.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter last year, the business posted $1.93 earnings per share. The company’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. Analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent research reports. Evercore ISI reiterated an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday. Dbs Bank upgraded shares of Procter & Gamble to a “moderate buy” rating in a research note on Tuesday. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.53.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Balaji Purushothaman sold 490 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was 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. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the business’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 $647,281.96. Following the completion of the sale, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at $8,219,202.16. This represents a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 149,763 shares of company stock valued at $23,421,279. 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.