Elevate Capital Advisors LLC Sells 10,623 Shares of Procter & Gamble Company (The) $PG

Elevate Capital Advisors LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PGFree Report) by 63.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,207 shares of the company’s stock after selling 10,623 shares during the period. Elevate Capital Advisors LLC’s holdings in Procter & Gamble were worth $954,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Lantz Financial LLC increased its position in Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock valued at $834,000 after purchasing an additional 64 shares during the period. Orca Investment Management LLC increased its position in shares of Procter & Gamble by 2.0% during the second quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock worth $516,000 after buying an additional 64 shares during the period. Silver Oak Securities Incorporated raised its stake in Procter & Gamble by 0.3% during the second quarter. Silver Oak Securities Incorporated now owns 22,118 shares of the company’s stock worth $3,524,000 after buying an additional 65 shares during the last quarter. Access Financial Services Inc. lifted its holdings in Procter & Gamble by 0.6% in the second quarter. Access Financial Services Inc. now owns 10,889 shares of the company’s stock valued at $1,735,000 after buying an additional 65 shares during the period. Finally, Sovereign Financial Group Inc. boosted its position in Procter & Gamble by 1.1% during the second quarter. Sovereign Financial Group Inc. now owns 5,823 shares of the company’s stock valued at $928,000 after acquiring an additional 65 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the company’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 transaction, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. This represents a 42.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Trading Up 1.4%

NYSE:PG opened at $146.30 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a market cap of $341.86 billion, a PE ratio of 21.36, a PEG ratio of 4.87 and a beta of 0.39. The firm has a 50-day moving average of $144.80 and a 200-day moving average of $151.20.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly 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 business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the previous year, the business earned $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. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be 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 is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 61.75%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PG. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. 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 note on Tuesday, September 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Fifteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.55.

View Our Latest Research Report on PG

About Procter & Gamble

(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.

See Also

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

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