Cabot Wealth Management Inc. Has $855,000 Holdings in Procter & Gamble Company (The) $PG

Cabot Wealth Management Inc. lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 7.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,367 shares of the company’s stock after selling 457 shares during the period. Cabot Wealth Management Inc.’s holdings in Procter & Gamble were worth $855,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its position in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after buying an additional 76,017,350 shares during the last quarter. Northern Trust Corp lifted its position in shares of Procter & Gamble by 0.8% during the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company’s stock worth $5,051,930,000 after purchasing an additional 248,792 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after purchasing an additional 2,466,308 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company’s stock worth $2,966,252,000 after purchasing an additional 583,629 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Procter & Gamble by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,293,428 shares of the company’s stock worth $2,947,146,000 after purchasing an additional 1,018,865 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jon R. Moeller sold 40,119 shares of the 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 $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the 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 completion of the transaction, the chief operating officer directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock worth $23,421,279 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.3%

Shares of PG opened at $152.62 on Friday. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $357.21 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 4.05 and a beta of 0.36. The stock’s 50-day moving average price is $154.66 and its 200 day moving average price is $158.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The company’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. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PG. Raymond James Financial cut their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a research report on Saturday. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, UBS Group cut their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Procter & Gamble Company 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.