Brookstone Capital Management Sells 4,231 Shares of Procter & Gamble Company (The) $PG

Brookstone Capital Management reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 55,581 shares of the company’s stock after selling 4,231 shares during the period. Brookstone Capital Management’s holdings in Procter & Gamble were worth $8,540,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PG. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP purchased a new stake in Procter & Gamble in the 1st quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble in the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. UBS Group lowered their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Bank of America cut 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 report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $171.38.

Insider Activity

In other news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. This trade represents a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 3,535 shares of the business’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 $538,133.05. Following the transaction, the chief executive officer owned 34,816 shares in the company, valued at approximately $5,300,039.68. This trade represents a 9.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 30,308 shares of company stock worth $4,611,852. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $144.53 on Friday. The company has a market capitalization of $337.72 billion, a PE ratio of 21.10, a P/E/G ratio of 4.87 and a beta of 0.39. The company has a 50-day simple moving average of $146.94 and a two-hundred day simple moving average of $152.97. Procter & Gamble Company has a one year low of $138.14 and a one year high of $179.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last released its quarterly 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. The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

Procter & Gamble Company Profile

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.