Berman McAleer LLC Purchases Shares of 6,563 Procter & Gamble Company (The) $PG

Berman McAleer LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 6,563 shares of the company’s stock, valued at approximately $1,008,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter worth $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at $32,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the 2nd quarter worth about $34,000. RMG Wealth Management LLC purchased a new stake in Procter & Gamble during the second quarter valued at about $37,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble in the third quarter worth about $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler assumed coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target for the company. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and increased their target price for the company from $150.00 to $156.00 in a report on Tuesday. Raymond James Financial lowered their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. Finally, Wells Fargo & Company raised their price objective on Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Insider Activity

In related news, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 1.3%

Shares of Procter & Gamble stock opened at $151.80 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $144.89 and a two-hundred day moving average price of $150.33. The stock has a market capitalization of $352.78 billion, a P/E ratio of 22.49, a PEG ratio of 4.98 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

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.