Accredited Wealth Management LLC Sells 3,524 Shares of Procter & Gamble Company (The) $PG

Accredited Wealth Management LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 94.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188 shares of the company’s stock after selling 3,524 shares during the period. Accredited Wealth Management LLC’s holdings in Procter & Gamble were worth $29,000 as of its most recent SEC filing.

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

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Insider Activity

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 36,093 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This represents a 50.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 343,069 shares of company stock valued at $54,545,448. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday, December 8th. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Rothschild & Co Redburn lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Tuesday, February 17th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Read Our Latest Stock Report on PG

Procter & Gamble Stock Performance

Shares of PG stock opened at $166.95 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The company’s fifty day simple moving average is $150.95 and its 200-day simple moving average is $151.08. The firm has a market cap of $388.00 billion, a PE ratio of 24.73, a P/E/G ratio of 5.59 and a beta of 0.38. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period in the previous year, the business earned $1.88 EPS. The company’s 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. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.5%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 62.67%.

About Procter & Gamble

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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