Cim Investment Management Inc. Boosts Stock Position in Procter & Gamble Company (The) $PG

Cim Investment Management Inc. increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 99.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,811 shares of the company’s stock after purchasing an additional 7,891 shares during the quarter. Cim Investment Management Inc.’s holdings in Procter & Gamble were worth $2,585,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings in Procter & Gamble by 0.7% during the 2nd quarter. Pathway Financial Advisers LLC now owns 24,261 shares of the company’s stock valued at $3,865,000 after buying an additional 167 shares in the last quarter. Clarion Wealth Managment Partners LLC bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $1,086,000. Saratoga Research & Investment Management grew its stake in Procter & Gamble by 27.6% during the second quarter. Saratoga Research & Investment Management now owns 208,643 shares of the company’s stock valued at $33,241,000 after acquiring an additional 45,130 shares in the last quarter. North Dallas Bank & Trust Co. bought a new stake in Procter & Gamble during the 2nd quarter worth approximately $2,333,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Procter & Gamble by 10.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,660 shares of the company’s stock worth $1,698,000 after purchasing an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PG shares. Dbs Bank raised shares of Procter & Gamble to a “hold” rating in a report on Friday, December 5th. UBS Group decreased their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. BNP Paribas Exane cut their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Finally, Bank of America lowered their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.40.

Insiders Place Their Bets

In other news, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their position. The transaction 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 firm’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 value of $491,246.21. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,308 shares of company stock valued at $4,611,852 over the last three months. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

PG opened at $142.77 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $333.61 billion, a P/E ratio of 20.84, a PEG ratio of 4.80 and a beta of 0.39. The stock has a 50-day moving average price of $147.84 and a 200-day moving average price of $154.16. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share 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 company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the previous year, the company 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. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

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.