CCM Investment Advisers LLC Has $15.22 Million Stock Position in Procter & Gamble Company (The) $PG

CCM Investment Advisers LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,058 shares of the company’s stock after acquiring an additional 4,859 shares during the quarter. Procter & Gamble comprises approximately 1.5% of CCM Investment Advisers LLC’s investment portfolio, making the stock its 26th biggest holding. CCM Investment Advisers LLC’s holdings in Procter & Gamble were worth $15,220,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. acquired a new position in Procter & Gamble during the 1st quarter worth $26,000. Signature Resources Capital Management LLC raised its position in shares of Procter & Gamble by 67.9% during the second 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 bought a new position in Procter & Gamble in the first quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble in the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble during the 2nd quarter worth about $37,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of PG stock opened at $144.39 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99. The firm has a fifty day moving average of $147.32 and a 200-day moving average of $153.46. The firm has a market capitalization of $337.41 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 4.86 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share 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 firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The company’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. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were given a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 61.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PG. Barclays lowered their price target on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. BNP Paribas Exane lowered 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. Dbs Bank raised Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Finally, Bank of America cut their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $171.38.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 3,535 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the sale, the chief executive officer directly owned 34,816 shares in the company, valued at $5,300,039.68. This trade represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were 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 $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,308 shares of company stock worth $4,611,852 in the last quarter. Company insiders own 0.20% of the company’s stock.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.