Advisors Capital Management LLC Has $3.81 Million Stake in Procter & Gamble Company (The) $PG

Advisors Capital Management LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,896 shares of the company’s stock after selling 2,508 shares during the period. Advisors Capital Management LLC’s holdings in Procter & Gamble were worth $3,807,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WP Advisors LLC lifted its position in Procter & Gamble by 4.9% in the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock worth $224,000 after buying an additional 66 shares in the last quarter. Grandfield & Dodd LLC increased its stake in shares of Procter & Gamble by 0.3% in the second quarter. Grandfield & Dodd LLC now owns 119,872 shares of the company’s stock worth $19,098,000 after acquiring an additional 334 shares during the last quarter. Oak Harvest Investment Services raised its holdings in shares of Procter & Gamble by 4.1% during the second quarter. Oak Harvest Investment Services now owns 42,708 shares of the company’s stock worth $6,804,000 after acquiring an additional 1,685 shares in the last quarter. Sittner & Nelson LLC boosted its position in Procter & Gamble by 6.3% during the second quarter. Sittner & Nelson LLC now owns 10,134 shares of the company’s stock valued at $1,615,000 after purchasing an additional 601 shares during the last quarter. Finally, Hibernia Wealth Partners LLC purchased a new position in Procter & Gamble in the second quarter valued at about $320,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 150,489 shares of company stock valued at $23,529,864 over the last three months. 0.20% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $147.71 on Friday. The firm has a market capitalization of $345.16 billion, a PE ratio of 21.56, a PEG ratio of 3.87 and a beta of 0.36. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 1-year low of $144.09 and a 1-year high of $180.43. The business’s 50 day moving average is $151.83 and its 200-day moving average is $156.61.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (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 business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the prior year, the firm posted $1.93 EPS. Procter & Gamble’s quarterly 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 predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s payout ratio is 61.61%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. UBS Group cut their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Bank of America decreased their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Dbs Bank raised Procter & Gamble to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Thursday. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Company 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.