Asset Advisors Investment Management LLC Sells 6,300 Shares of Procter & Gamble Company (The) $PG

Asset Advisors Investment Management LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,572 shares of the company’s stock after selling 6,300 shares during the period. Asset Advisors Investment Management LLC’s holdings in Procter & Gamble were worth $6,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new position in Procter & Gamble during the third quarter worth about $25,000. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the 1st quarter worth $26,000. Signature Resources Capital Management LLC boosted its holdings in shares of Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble during the 2nd quarter valued at about $34,000. Finally, RMG Wealth Management LLC purchased a new position in Procter & Gamble in the 2nd quarter worth $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $139.98 on Wednesday. The business’s fifty day moving average is $145.48 and its 200 day moving average is $151.87. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $327.08 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 4.73 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $138.14 and a twelve month high of $179.99.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the business posted $1.93 EPS. The company’s quarterly 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. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared 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 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on PG shares. UBS Group decreased their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Barclays cut their price objective on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Finally, Dbs Bank upgraded Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.81.

View Our Latest Research Report on Procter & Gamble

Key Procter & Gamble News

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Procter & Gamble Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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