Center for Financial Planning Inc. Sells 85 Shares of Procter & Gamble Company (The) $PG

Center for Financial Planning Inc. decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 18,694 shares of the company’s stock after selling 85 shares during the quarter. Procter & Gamble comprises 0.3% of Center for Financial Planning Inc.’s investment portfolio, making the stock its 23rd largest holding. Center for Financial Planning Inc.’s holdings in Procter & Gamble were worth $2,978,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in Procter & Gamble in the first quarter valued at about $26,000. Signature Resources Capital Management LLC boosted its holdings in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the last quarter. Quarry LP bought a new position in Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble during the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble during the second quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.7%

NYSE PG opened at $150.70 on Friday. The firm has a market cap of $352.14 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.87 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. The stock’s 50-day moving average is $153.89 and its 200-day moving average is $157.91. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping 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 company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter last year, the firm posted $1.93 earnings per share. Procter & Gamble’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. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. BNP Paribas restated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a report on Tuesday. Finally, Evercore ISI reaffirmed 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. Twelve 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, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,488 shares of company stock worth $23,529,718 in the last 90 days. Company insiders own 0.20% of the company’s stock.

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.