Journey Advisory Group LLC Sells 9,462 Shares of Procter & Gamble Company (The) $PG

Journey Advisory Group LLC cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,199 shares of the company’s stock after selling 9,462 shares during the quarter. Procter & Gamble makes up 2.0% of Journey Advisory Group LLC’s investment portfolio, making the stock its 8th largest position. Journey Advisory Group LLC’s holdings in Procter & Gamble were worth $26,612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PG. Norges Bank acquired a new position in Procter & Gamble in the 2nd quarter valued at $5,099,644,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Procter & Gamble by 15,971.7% during the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after purchasing an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Procter & Gamble by 1.4% in the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after purchasing an additional 3,189,111 shares during the period. Invesco Ltd. lifted its position in Procter & Gamble by 21.4% during the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after buying an additional 2,880,895 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Procter & Gamble by 66.3% during the second quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock worth $877,014,000 after buying an additional 2,195,560 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 12,827 shares of Procter & Gamble stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the sale, the insider owned 12,639 shares in the company, valued at $2,026,158.09. This trade represents a 50.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction 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 transaction, the chairman directly owned 319,385 shares in the company, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 341,260 shares of company stock worth $54,256,985. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $160.77 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $373.62 billion, a PE ratio of 23.82, a P/E/G ratio of 5.27 and a beta of 0.38. The company’s fifty day simple moving average is $149.02 and its 200-day simple moving average is $150.70. 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 for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the company earned $1.88 EPS. The firm’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barclays set a $155.00 price objective on shares of Procter & Gamble in a research note on Friday, January 16th. Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the company from $150.00 to $156.00 in a report on Tuesday, January 27th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.33.

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.