CPA Asset Management LLC Decreases Position in Procter & Gamble Company (The) $PG

CPA Asset Management LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,780 shares of the company’s stock after selling 79 shares during the quarter. CPA Asset Management LLC’s holdings in Procter & Gamble were worth $921,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble during the first quarter worth $26,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the fourth quarter worth $31,000. Quarry LP purchased a new stake in Procter & Gamble during the first quarter worth $33,000. 10Elms LLP purchased a new stake in Procter & Gamble during the fourth quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. raised its holdings in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 170 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. This represents a 22.57% 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 Sundar G. Raman sold 9,554 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,181 shares of company stock worth $18,918,012. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 0.4%

Shares of PG opened at $158.02 on Friday. The company has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a 50-day moving average price of $156.21 and a 200 day moving average price of $161.84.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter last year, the business posted $1.40 EPS. Procter & Gamble’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. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PG. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a “buy” rating in a report on Wednesday, July 30th. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, 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 research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $175.12.

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.