Jessup Wealth Management Inc Sells 973 Shares of Procter & Gamble Company (The) $PG

Jessup Wealth Management Inc decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,538 shares of the company’s stock after selling 973 shares during the period. Procter & Gamble accounts for about 2.0% of Jessup Wealth Management Inc’s portfolio, making the stock its 14th biggest position. Jessup Wealth Management Inc’s holdings in Procter & Gamble were worth $5,025,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Sumitomo Life Insurance Co. grew its position in Procter & Gamble by 0.4% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 97,754 shares of the company’s stock worth $15,574,000 after purchasing an additional 396 shares in the last quarter. Greater Midwest Financial Group LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $302,000. Kesler Norman & Wride LLC grew its holdings in Procter & Gamble by 0.8% during the 2nd quarter. Kesler Norman & Wride LLC now owns 41,405 shares of the company’s stock valued at $6,598,000 after buying an additional 326 shares in the last quarter. Summit Investment Advisory Services LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at about $245,000. Finally, Syverson Strege & Co increased its stake in Procter & Gamble by 141.5% in the 2nd quarter. Syverson Strege & Co now owns 4,175 shares of the company’s stock worth $665,000 after acquiring an additional 2,446 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced 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. BNP Paribas Exane dropped their target price 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. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research report on Monday, October 27th. Raymond James Financial cut their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Finally, Barclays reduced their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $171.53.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of Procter & Gamble 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 $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 150,488 shares of company stock worth $23,529,718. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.7%

Shares of NYSE:PG opened at $150.70 on Friday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The company has a market cap of $352.14 billion, a PE ratio of 22.00, a P/E/G ratio of 3.87 and a beta of 0.36. The company’s 50 day moving average is $153.89 and its two-hundred day moving average is $157.83.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is 61.75%.

Procter & Gamble Company 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.