Foster Victor Wealth Advisors LLC Grows Position in Procter & Gamble Company (The) $PG

Foster Victor Wealth Advisors LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 17.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,322 shares of the company’s stock after acquiring an additional 8,801 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Procter & Gamble were worth $9,033,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its holdings in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after purchasing an additional 76,017,350 shares during the last quarter. Norges Bank purchased a new position in Procter & Gamble during the 2nd quarter valued at approximately $5,099,644,000. Laurel Wealth Advisors LLC increased its stake in Procter & Gamble by 15,971.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after acquiring an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $144.39 on Monday. 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 firm has a market capitalization of $337.41 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 4.86 and a beta of 0.39. Procter & Gamble Company has a 1-year low of $138.14 and a 1-year high of $179.99. The company’s 50-day moving average is $147.32 and its 200 day moving average is $153.38.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the previous year, the business earned $1.93 earnings per share. 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. Research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm 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 of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is 61.75%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PG shares. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Bank of America lowered their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Finally, BNP Paribas Exane lowered their price objective 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. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $171.38.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of 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. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 30,308 shares of company stock valued at $4,611,852. 0.20% of the stock is owned by company insiders.

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.