Procter & Gamble Company (The) $PG Position Lessened by L.M. Kohn & Company

L.M. Kohn & Company lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 24.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,998 shares of the company’s stock after selling 7,497 shares during the quarter. Procter & Gamble makes up approximately 4.2% of L.M. Kohn & Company’s holdings, making the stock its 3rd biggest holding. L.M. Kohn & Company’s holdings in Procter & Gamble were worth $3,534,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PG. Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 1.4% in the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares during the last quarter. Geode Capital Management LLC raised its stake in Procter & Gamble by 1.8% during the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock worth $9,439,341,000 after purchasing an additional 1,060,713 shares during the period. Norges Bank acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $5,099,644,000. Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after buying an additional 294,673 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after buying an additional 2,880,895 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Bank of America reduced their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Rothschild & Co Redburn boosted their target price on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Wells Fargo & Company raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Thirteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Procter & Gamble Trading Up 1.3%

PG opened at $151.80 on Friday. The firm’s 50 day moving average is $144.89 and its 200-day moving average is $150.33. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week 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 firm has a market capitalization of $352.78 billion, a P/E ratio of 22.49, a P/E/G 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, topping the consensus estimate 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 firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

Insider Activity

In other news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction 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. This represents a 34.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Procter & Gamble 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.