King Luther Capital Management Corp Decreases Holdings in Procter & Gamble Company (The) $PG

King Luther Capital Management Corp trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,208,331 shares of the company’s stock after selling 8,178 shares during the quarter. King Luther Capital Management Corp’s holdings in Procter & Gamble were worth $185,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WP Advisors LLC lifted its stake in shares of Procter & Gamble by 4.9% in the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock valued at $224,000 after acquiring an additional 66 shares during the last quarter. Emprise Bank lifted its position in Procter & Gamble by 2.5% in the third quarter. Emprise Bank now owns 2,766 shares of the company’s stock valued at $425,000 after purchasing an additional 68 shares during the last quarter. Affiance Financial LLC grew its holdings in shares of Procter & Gamble by 2.5% in the third quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock worth $431,000 after purchasing an additional 69 shares during the last quarter. Vermillion & White Wealth Management Group LLC increased its stake in shares of Procter & Gamble by 12.9% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock worth $99,000 after buying an additional 71 shares during the period. Finally, Dominguez Wealth Management Solutions Inc. raised its holdings in Procter & Gamble by 0.3% during the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock valued at $3,144,000 after buying an additional 71 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total value of $1,264,000.00. Following the completion of the sale, the chief executive officer owned 6,571 shares of the company’s stock, valued at $1,038,218. The trade was a 54.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. This trade represents a 50.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 341,260 shares of company stock worth $54,256,985. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PG shares. Piper Sandler started coverage on Procter & Gamble in a research note on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price on the stock. Barclays set a $155.00 price objective on Procter & Gamble in a report on Friday, January 16th. BNP Paribas Exane reduced their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Fourteen equities 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 has an average rating of “Moderate Buy” and an average price target of $168.33.

Procter & Gamble Stock Performance

Shares of PG opened at $156.74 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The stock has a market cap of $364.27 billion, a P/E ratio of 23.22, a P/E/G ratio of 5.30 and a beta of 0.38. The business’s 50 day moving average price is $148.31 and its 200-day moving average price is $150.57. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. Procter & Gamble’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s payout ratio is 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.