McKinley Carter Wealth Services Inc. Boosts Stake in Procter & Gamble Company (The) $PG

McKinley Carter Wealth Services Inc. raised its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,160 shares of the company’s stock after buying an additional 4,656 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Procter & Gamble were worth $5,863,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble in the third quarter worth $25,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth about $32,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $34,000. RMG Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter worth about $37,000. Finally, Marquette Asset Management LLC bought a new position in Procter & Gamble during the 3rd quarter valued at about $37,000. 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, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were 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 in the company, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

Procter & Gamble Trading Up 1.3%

NYSE PG opened at $151.80 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market capitalization of $352.78 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 4.98 and a beta of 0.39. The company’s 50-day simple moving average is $144.89 and its two-hundred day simple moving average is $150.33.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be given a $1.0568 dividend. 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 payout ratio is presently 62.67%.

Analysts Set New Price Targets

PG has been the subject of several recent analyst reports. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and boosted their target price for the company from $150.00 to $156.00 in a research report on Tuesday. Piper Sandler started coverage on Procter & Gamble in a report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective for the company. Raymond James Financial reduced their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Procter & Gamble Company Profile

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.