Summit Investment Advisors Inc. Has $9 Million Stock Holdings in Procter & Gamble Company (The) $PG

Summit Investment Advisors Inc. trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,832 shares of the company’s stock after selling 428 shares during the period. Summit Investment Advisors Inc.’s holdings in Procter & Gamble were worth $9,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PG. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the 1st quarter worth $26,000. Signature Resources Capital Management LLC raised its position in shares of 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 acquiring an additional 72 shares during the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble in the second quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble during the 2nd quarter worth approximately $37,000. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Balaji Purushothaman sold 490 shares of the business’s 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 $74,592.70. Following the transaction, the insider owned 12,616 shares in the company, valued at $1,920,533.68. The trade was a 3.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 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 value of $606,788.78. Following the completion of the transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 150,488 shares of company stock worth $23,529,718 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $146.90 on Friday. Procter & Gamble Company has a 52 week low of $144.46 and a 52 week high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $152.93 and a 200-day moving average price of $157.16. The company has a market cap of $343.28 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities 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 declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s payout ratio is 61.61%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Barclays dropped their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. UBS Group reduced their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Dbs Bank raised shares of Procter & Gamble to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, BNP Paribas Exane cut their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target 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.