Smithbridge Asset Management Inc. DE Buys 657 Shares of Procter & Gamble Company (The) $PG

Smithbridge Asset Management Inc. DE grew its stake in Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,152 shares of the company’s stock after acquiring an additional 657 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Procter & Gamble were worth $4,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Harbor Asset Planning Inc. acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $136,000. Werba Rubin Papier Wealth Management acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $202,000. Stableford Capital II LLC grew its position in shares of Procter & Gamble by 6.1% during the 2nd quarter. Stableford Capital II LLC now owns 6,170 shares of the company’s stock worth $977,000 after buying an additional 353 shares during the period. Omnia Family Wealth LLC grew its position in shares of Procter & Gamble by 14.0% during the 2nd quarter. Omnia Family Wealth LLC now owns 5,509 shares of the company’s stock worth $878,000 after buying an additional 675 shares during the period. Finally, Turtle Creek Wealth Advisors LLC grew its position in shares of Procter & Gamble by 5.3% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 69,558 shares of the company’s stock worth $11,082,000 after buying an additional 3,489 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG opened at $149.50 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43. The firm’s 50 day moving average price is $154.96 and its two-hundred day moving average price is $158.97. The firm has a market cap of $349.90 billion, a P/E ratio of 22.96, a PEG ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PGGet Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 490 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the sale, the insider owned 12,616 shares of the company’s stock, valued at $1,920,533.68. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jon R. Moeller sold 11,684 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 $1,778,655.32. Following the completion of the sale, the chief executive officer directly owned 319,932 shares in the company, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PG shares. Evercore ISI reiterated an “in-line” rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. 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. Barclays decreased 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 report on Wednesday, October 1st. BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.21.

Get Our Latest Stock Report on Procter & Gamble

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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