Aviso Financial Inc. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 10.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,741 shares of the company’s stock after buying an additional 2,927 shares during the period. Aviso Financial Inc.’s holdings in Procter & Gamble were worth $4,898,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in Procter & Gamble during the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC increased its stake in shares of Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble during the 1st quarter worth $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Procter & Gamble during the 2nd quarter worth $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on PG. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Barclays cut 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. JPMorgan Chase & Co. increased their price target on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Raymond James Financial cut their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $171.53.
Insider Buying and Selling at Procter & Gamble
In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 3,227 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares in the company, valued at approximately $9,402,333.72. The trade was a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,308 shares of company stock valued at $4,768,692. 0.20% of the stock is owned by corporate insiders.
Procter & Gamble Price Performance
Shares of PG opened at $146.85 on Tuesday. The business has a 50-day moving average of $150.55 and a 200-day moving average of $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. The company has a market capitalization of $343.15 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $144.09 and a 1 year high of $180.43.
Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the prior year, the firm posted $1.93 EPS. The company’s revenue for the quarter 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. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.
See Also
- Five stocks we like better than Procter & Gamble
- What is Put Option Volume?
- D-Wave: Time to Buy the Dip? Or is the Fall Just Starting?
- 3 Warren Buffett Stocks to Buy Now
- Hims, Block, and NRG Just Launched Huge Stock Buybacks
- 5 discounted opportunities for dividend growth investors
- Retail Earnings Roundup: Walmart Scores, Target Slumps in Q3
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
