Biltmore Wealth Management LLC Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Biltmore Wealth Management LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,727 shares of the company’s stock after selling 71 shares during the period. Procter & Gamble comprises about 0.4% of Biltmore Wealth Management LLC’s holdings, making the stock its 27th largest holding. Biltmore Wealth Management LLC’s holdings in Procter & Gamble were worth $913,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. StrongBox Wealth LLC boosted its position in shares of Procter & Gamble by 5.6% during the second quarter. StrongBox Wealth LLC now owns 3,048 shares of the company’s stock worth $486,000 after buying an additional 162 shares during the period. Balefire LLC boosted its position in shares of Procter & Gamble by 165.0% during the second quarter. Balefire LLC now owns 6,037 shares of the company’s stock worth $962,000 after buying an additional 3,759 shares during the period. Catalyst Private Wealth LLC boosted its position in shares of Procter & Gamble by 38.6% during the second quarter. Catalyst Private Wealth LLC now owns 1,710 shares of the company’s stock worth $272,000 after buying an additional 476 shares during the period. Alesco Advisors LLC boosted its position in shares of Procter & Gamble by 69.4% during the second quarter. Alesco Advisors LLC now owns 5,150 shares of the company’s stock worth $820,000 after buying an additional 2,109 shares during the period. Finally, New England Research & Management Inc. boosted its position in shares of Procter & Gamble by 4.6% during the second quarter. New England Research & Management Inc. now owns 8,420 shares of the company’s stock worth $1,341,000 after buying an additional 371 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the sale, the chief operating officer owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays set a $164.00 target price on Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, UBS Group set a $180.00 price target on Procter & Gamble and gave the company a “buy” rating in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $175.12.

Procter & Gamble Stock Performance

NYSE PG opened at $158.08 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The business’s 50-day moving average price is $156.14 and its 200 day moving average price is $161.62. The firm has a market cap of $369.98 billion, a P/E ratio of 24.28, a P/E/G ratio of 4.14 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company posted $1.40 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

Procter & Gamble Profile

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.