Associated Banc Corp Has $37.23 Million Stock Holdings in Procter & Gamble Company (The) $PG

Associated Banc Corp decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,706 shares of the company’s stock after selling 6,204 shares during the quarter. Procter & Gamble comprises approximately 1.1% of Associated Banc Corp’s holdings, making the stock its 27th largest position. Associated Banc Corp’s holdings in Procter & Gamble were worth $37,234,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the first quarter worth $26,000. Signature Resources Capital Management LLC grew its position in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the 1st quarter worth about $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the second quarter valued at about $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PG shares. BNP Paribas restated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Bank of America reduced their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, November 19th. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $171.53.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 11,684 shares of the business’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 completion of the transaction, the chief executive officer owned 319,932 shares in the company, valued at $48,703,248.36. The trade was a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of the company’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 $491,246.21. Following the transaction, the chief executive officer directly owned 61,764 shares in the company, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,308 shares of company stock valued at $4,768,692. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 2.7%

NYSE PG opened at $146.85 on Tuesday. The stock’s 50 day simple moving average is $150.55 and its 200 day simple moving average is $156.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a one year low of $144.09 and a one year high of $180.43. The firm has a market cap of $343.15 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $22.23 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.