Clearstead Advisors LLC Reduces Holdings in Procter & Gamble Company (The) $PG

Clearstead Advisors LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 11.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 199,123 shares of the company’s stock after selling 26,548 shares during the quarter. Clearstead Advisors LLC’s holdings in Procter & Gamble were worth $30,595,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the third quarter valued at $25,000. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth about $32,000. Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble during the third quarter worth about $37,000. Redmont Wealth Advisors LLC acquired a new position in shares of Procter & Gamble in the third quarter valued at approximately $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PG shares. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. UBS Group increased their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Wells Fargo & Company restated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction on 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 transaction, the chief executive officer owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the sale, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 341,260 shares of company stock worth $54,256,985. 0.20% of the stock is owned by company insiders.

Procter & Gamble Price Performance

PG stock opened at $160.77 on Monday. The company has a market cap of $373.62 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 5.34 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 stock has a 50-day moving average price of $149.02 and a two-hundred day moving average price of $150.68. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data 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. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is presently 62.67%.

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.