Allen Mooney & Barnes Investment Advisors LLC Cuts Stock Holdings in Procter & Gamble Company (The) $PG

Allen Mooney & Barnes Investment Advisors LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,662 shares of the company’s stock after selling 365 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Procter & Gamble were worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Canandaigua National Bank & Trust Co. increased its position in shares of Procter & Gamble by 2.2% during the second quarter. Canandaigua National Bank & Trust Co. now owns 81,525 shares of the company’s stock worth $12,989,000 after acquiring an additional 1,732 shares during the period. RMR Wealth Builders increased its position in shares of Procter & Gamble by 13.1% during the second quarter. RMR Wealth Builders now owns 16,325 shares of the company’s stock worth $2,601,000 after acquiring an additional 1,895 shares during the period. Goldstone Financial Group LLC increased its position in shares of Procter & Gamble by 7.8% during the second quarter. Goldstone Financial Group LLC now owns 8,426 shares of the company’s stock worth $1,355,000 after acquiring an additional 612 shares during the period. Apella Capital LLC increased its position in shares of Procter & Gamble by 9.2% during the second quarter. Apella Capital LLC now owns 15,787 shares of the company’s stock worth $2,534,000 after acquiring an additional 1,325 shares during the period. Finally, Heartwood Wealth Advisors LLC increased its position in shares of Procter & Gamble by 1.8% during the second quarter. Heartwood Wealth Advisors LLC now owns 9,676 shares of the company’s stock worth $1,542,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. BNP Paribas reiterated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $175.12.

Insider Activity

In related news, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $158.02 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a market capitalization of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.17 and a beta of 0.36. The company has a fifty day moving average of $156.21 and a two-hundred day moving average of $161.77.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. 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 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is 64.82%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.