Bridgewater Advisors Inc. Grows Stock Position in Procter & Gamble Company (The) $PG

Bridgewater Advisors Inc. raised its holdings in Procter & Gamble Company (The) (NYSE:PG) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,810 shares of the company’s stock after buying an additional 973 shares during the quarter. Bridgewater Advisors Inc.’s holdings in Procter & Gamble were worth $3,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Access Investment Management LLC purchased a new stake in Procter & Gamble in the second quarter valued at about $90,000. Freestone Capital Holdings LLC raised its stake in Procter & Gamble by 6.3% in the second quarter. Freestone Capital Holdings LLC now owns 77,787 shares of the company’s stock valued at $12,393,000 after buying an additional 4,606 shares during the last quarter. Tsfg LLC raised its stake in Procter & Gamble by 1.6% in the second quarter. Tsfg LLC now owns 4,632 shares of the company’s stock valued at $738,000 after buying an additional 73 shares during the last quarter. Westside Investment Management Inc. raised its stake in Procter & Gamble by 11.2% in the second quarter. Westside Investment Management Inc. now owns 4,357 shares of the company’s stock valued at $696,000 after buying an additional 439 shares during the last quarter. Finally, AAF Wealth Management LLC raised its stake in Procter & Gamble by 7.5% in the second quarter. AAF Wealth Management LLC now owns 1,731 shares of the company’s stock valued at $276,000 after buying an additional 121 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. Raymond James Financial decreased their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Finally, JPMorgan Chase & Co. increased their price objective on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.53.

Insider Buying and Selling

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $647,281.96. Following the completion of the transaction, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 150,488 shares of company stock valued at $23,529,718 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.7%

Shares of PG opened at $150.70 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The stock’s 50 day moving average is $153.89 and its two-hundred day moving average is $157.77. The firm has a market cap of $352.14 billion, a P/E ratio of 22.00, a PEG ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period last year, the company earned $1.93 earnings per share. Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

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.