17 Capital Partners LLC Trims Stake in Procter & Gamble Company (The) $PG

17 Capital Partners LLC lowered its holdings in Procter & Gamble Company (The) (NYSE:PG) by 9.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,083 shares of the company’s stock after selling 767 shares during the period. 17 Capital Partners LLC’s holdings in Procter & Gamble were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Nova Wealth Management Inc. purchased a new position in Procter & Gamble in the 1st quarter worth approximately $26,000. Signature Resources Capital Management LLC lifted its holdings in shares of Procter & Gamble by 67.9% during the 2nd 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 purchased a new position in Procter & Gamble in the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble in the second quarter valued at $34,000. Finally, RMG Wealth Management LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $146.98 on Thursday. 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 fifty-two week low of $144.09 and a fifty-two week high of $180.43. The firm has a market cap of $343.45 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The business has a 50 day moving average price of $151.10 and a 200-day moving average price of $156.27.

Procter & Gamble (NYSE:PG) last posted 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 company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PG. Wells Fargo & Company cut their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. BNP Paribas Exane cut their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Barclays reduced 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 report on Wednesday, October 1st. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $171.53.

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 4,252 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 transaction of $647,281.96. Following the transaction, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of the company’s 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 $1,778,655.32. Following the transaction, the chief executive officer owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,308 shares of company stock worth $4,768,692 over the last 90 days. 0.20% of the stock is owned by insiders.

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.