Procter & Gamble Company (The) $PG Stake Cut by Sunburst Financial Group LLC

Sunburst Financial Group LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 64.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,478 shares of the company’s stock after selling 11,538 shares during the quarter. Sunburst Financial Group LLC’s holdings in Procter & Gamble were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. Brighton Jones LLC raised its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after purchasing an additional 277 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at about $607,000. Panagora Asset Management Inc. grew its stake in shares of Procter & Gamble by 15.2% in the 1st quarter. Panagora Asset Management Inc. now owns 53,257 shares of the company’s stock valued at $9,076,000 after buying an additional 7,019 shares in the last quarter. Finally, Titleist Asset Management LLC increased its holdings in Procter & Gamble by 13.1% in the first quarter. Titleist Asset Management LLC now owns 2,949 shares of the company’s stock worth $503,000 after buying an additional 342 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 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 $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares in the company, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,308 shares of company stock valued at $4,611,852 in the last three months. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on PG shares. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft cut their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Wells Fargo & Company decreased their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $171.38.

Procter & Gamble Trading Up 0.2%

Shares of NYSE:PG opened at $144.74 on Monday. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week 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. The company has a market cap of $338.22 billion, a P/E ratio of 21.13, a P/E/G ratio of 4.88 and a beta of 0.39. The stock’s 50-day moving average is $146.81 and its 200-day moving average is $152.71.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter last year, the firm posted $1.93 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were issued a dividend of $1.0568 per share. 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 presently 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.