Denali Advisors LLC Trims Holdings in Procter & Gamble Company (The) $PG

Denali Advisors LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 36.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,612 shares of the company’s stock after selling 3,841 shares during the period. Denali Advisors LLC’s holdings in Procter & Gamble were worth $1,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Eagle Wealth Strategies LLC boosted its position in shares of Procter & Gamble by 7.4% during the third quarter. Eagle Wealth Strategies LLC now owns 2,538 shares of the company’s stock valued at $390,000 after buying an additional 175 shares during the last quarter. Atticus Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 17.5% during the 3rd quarter. Atticus Wealth Management LLC now owns 8,100 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,207 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Procter & Gamble by 3.7% in the third quarter. Pallas Capital Advisors LLC now owns 103,602 shares of the company’s stock worth $15,919,000 after acquiring an additional 3,692 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in shares of Procter & Gamble by 3.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 826,698 shares of the company’s stock valued at $127,022,000 after purchasing an additional 28,692 shares during the last quarter. Finally, Calton & Associates Inc. lifted its position in Procter & Gamble by 2.2% during the third quarter. Calton & Associates Inc. now owns 6,164 shares of the company’s stock valued at $947,000 after purchasing an additional 135 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

PG opened at $160.11 on Tuesday. The stock has a market capitalization of $372.09 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 5.32 and a beta of 0.38. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week 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 fifty day moving average of $147.57 and a 200 day moving average of $150.47.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter last year, the business posted $1.88 EPS. The firm’s revenue for the quarter 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. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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 given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PG. Raymond James Financial cut their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price target for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Wells Fargo & Company boosted their target price on shares of Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, January 23rd. Finally, Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. Thirteen equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $167.67.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This trade represents a 50.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction on 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 sale, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 326,091 shares of company stock valued at $51,795,360. Company insiders own 0.20% of the company’s stock.

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.