Maple Capital Management Inc. Sells 827 Shares of Procter & Gamble Company (The) $PG

Maple Capital Management Inc. decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,961 shares of the company’s stock after selling 827 shares during the quarter. Maple Capital Management Inc.’s holdings in Procter & Gamble were worth $1,746,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC boosted its position in shares of Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after acquiring an additional 76,017,350 shares during the last quarter. Nuveen LLC bought a new stake in shares of Procter & Gamble during the first quarter worth $1,954,941,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after buying an additional 2,466,308 shares during the period. Invesco Ltd. lifted its stake in Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Procter & Gamble by 1,875.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company’s stock worth $280,946,000 after acquiring an additional 1,674,139 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the sale, the chief executive officer owned 319,932 shares of the company’s stock, valued at $48,703,248.36. The trade was a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 150,488 shares of company stock worth $23,529,718 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Raymond James Financial lowered 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, Bank of America decreased their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

Procter & Gamble Stock Up 2.1%

PG stock opened at $148.54 on Wednesday. The firm has a market cap of $347.09 billion, a PE ratio of 21.68, a P/E/G ratio of 3.87 and a beta of 0.36. The firm’s fifty day moving average is $152.51 and its 200 day moving average is $156.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a one year low of $144.09 and a one year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating 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 business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the business earned $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. On average, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s payout ratio is presently 61.61%.

About Procter & Gamble

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.