Hartford Funds Management Co LLC Has $61,000 Position in Procter & Gamble Company (The) $PG

Hartford Funds Management Co LLC trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 95.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 381 shares of the company’s stock after selling 7,256 shares during the period. Hartford Funds Management Co LLC’s holdings in Procter & Gamble were worth $61,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PG. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. grew its stake in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares during the last quarter. Summit Wealth Group LLC lifted its position in Procter & Gamble by 11.2% during the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company’s stock worth $1,267,000 after acquiring an additional 752 shares during the last quarter. Prism Advisors Inc. boosted its holdings in Procter & Gamble by 7.1% during the first quarter. Prism Advisors Inc. now owns 1,295 shares of the company’s stock valued at $221,000 after acquiring an additional 86 shares during the period. Finally, TruNorth Capital Management LLC grew its position in shares of Procter & Gamble by 333.9% in the first quarter. TruNorth Capital Management LLC now owns 2,343 shares of the company’s stock valued at $399,000 after purchasing an additional 1,803 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, 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 transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the 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 $1,548,952.23. Following the sale, the insider directly owned 182,422 shares of the company’s stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 150,488 shares of company stock worth $23,529,718 over the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $146.90 on Monday. Procter & Gamble Company has a 52 week low of $144.46 and a 52 week high of $180.43. The stock has a market capitalization of $343.28 billion, a PE ratio of 21.45, a PEG ratio of 3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The stock’s fifty day moving average is $152.93 and its 200-day moving average is $157.02.

Procter & Gamble (NYSE:PG) last announced 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 19.74% and a return on equity of 32.63%. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. The company’s revenue 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 expect that Procter & Gamble Company will post 6.91 EPS 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 given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PG. BNP Paribas Exane decreased their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Evercore ISI reiterated an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. BNP Paribas reissued an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

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.