Envestnet Asset Management Inc. Sells 140,605 Shares of Procter & Gamble Company (The) $PG

Envestnet Asset Management Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,317,915 shares of the company’s stock after selling 140,605 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Procter & Gamble worth $509,797,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Telos Capital Management Inc. increased its holdings in shares of Procter & Gamble by 2.2% in the third quarter. Telos Capital Management Inc. now owns 113,942 shares of the company’s stock worth $17,507,000 after buying an additional 2,432 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in Procter & Gamble by 18.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 60,393 shares of the company’s stock worth $9,279,000 after purchasing an additional 9,621 shares during the period. SGL Investment Advisors Inc. lifted its position in Procter & Gamble by 66.1% in the third quarter. SGL Investment Advisors Inc. now owns 7,142 shares of the company’s stock valued at $1,057,000 after purchasing an additional 2,843 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of Procter & Gamble by 10.9% during the third quarter. Westside Investment Management Inc. now owns 4,830 shares of the company’s stock valued at $742,000 after purchasing an additional 473 shares during the period. Finally, Strengthening Families & Communities LLC grew its holdings in shares of Procter & Gamble by 820.6% in the third quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company’s stock worth $2,308,000 after purchasing an additional 13,195 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PG. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. UBS Group raised their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Raymond James Financial lowered their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Finally, BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $155.39 on Wednesday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The firm has a market capitalization of $361.14 billion, a P/E ratio of 23.02, a P/E/G ratio of 5.09 and a beta of 0.38. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $145.15 and a two-hundred day simple moving average of $150.27.

Procter & Gamble (NYSE:PG) last issued 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. 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 analyst estimates of $22.36 billion. During the same period last year, the business earned $1.88 EPS. Procter & Gamble’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. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced 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 2.7%. The ex-dividend date 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.