BAM Wealth Management LLC Buys New Position in Procter & Gamble Company (The) $PG

BAM Wealth Management LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,414 shares of the company’s stock, valued at approximately $678,000.

Several other institutional investors and hedge funds have also made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the 3rd quarter valued at $25,000. Signature Resources Capital Management LLC lifted its holdings in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the period. Corundum Trust Company INC bought a new position in Procter & Gamble during the third quarter valued at about $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble during the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble in the second quarter worth about $37,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble News Summary

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

Procter & Gamble Stock Up 0.2%

Shares of Procter & Gamble stock opened at $150.19 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.48. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99. The stock has a 50-day moving average price of $144.72 and a 200 day moving average price of $150.59. The company has a market cap of $350.95 billion, a P/E ratio of 22.25, a P/E/G ratio of 5.07 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.10% and a net margin of 19.30%.The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, 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 will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PG. Jefferies Financial Group raised shares of 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 note on Tuesday, December 16th. Piper Sandler assumed coverage on Procter & Gamble in a report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 price target on the stock. TD Cowen reissued a “buy” rating on shares of Procter & Gamble in a research note on Thursday, January 8th. BNP Paribas Exane decreased their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Finally, UBS Group upped their target price on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $167.21.

View Our Latest Stock Analysis on Procter & Gamble

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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