HBK Sorce Advisory LLC Lowers Holdings in Procter & Gamble Company (The) $PG

HBK Sorce Advisory LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,845 shares of the company’s stock after selling 4,972 shares during the period. HBK Sorce Advisory LLC’s holdings in Procter & Gamble were worth $9,265,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PG shares. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 22nd. UBS Group cut their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, Raymond James Financial cut their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of the business’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 2,408 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 $366,569.84. Following the sale, the insider owned 31,770 shares of the company’s stock, valued at approximately $4,836,347.10. This represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,308 shares of company stock worth $4,611,852 over the last ninety days. 0.20% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.2%

NYSE PG opened at $144.74 on Monday. The firm has a market cap of $338.22 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 4.88 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 stock has a 50-day moving average of $146.81 and a 200-day moving average of $152.71. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping 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 return on equity of 32.63% and a net margin of 19.74%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were issued 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 was Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 61.75%.

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.