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

Granite Harbor Advisors Inc. lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 21.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,787 shares of the company’s stock after buying an additional 672 shares during the period. Granite Harbor Advisors Inc.’s holdings in Procter & Gamble were worth $603,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Freedom Investment Management Inc. increased its holdings in shares of Procter & Gamble by 4.5% in the second quarter. Freedom Investment Management Inc. now owns 11,650 shares of the company’s stock worth $1,856,000 after buying an additional 506 shares during the period. Forum Financial Management LP grew its stake in shares of Procter & Gamble by 2.7% in the second quarter. Forum Financial Management LP now owns 25,171 shares of the company’s stock worth $4,010,000 after purchasing an additional 668 shares during the last quarter. Greatmark Investment Partners Inc. grew its stake in shares of Procter & Gamble by 6.2% in the second quarter. Greatmark Investment Partners Inc. now owns 9,731 shares of the company’s stock worth $1,550,000 after purchasing an additional 565 shares during the last quarter. Caliber Wealth Management LLC KS grew its stake in shares of Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares during the last quarter. Finally, Parcion Private Wealth LLC grew its stake in shares of Procter & Gamble by 3.3% in the second quarter. Parcion Private Wealth LLC now owns 54,483 shares of the company’s stock worth $8,680,000 after purchasing an additional 1,726 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $152.12 on Thursday. 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 company has a market capitalization of $356.03 billion, a P/E ratio of 23.37, a PEG ratio of 4.02 and a beta of 0.36. The stock’s 50 day moving average is $154.73 and its 200 day moving average is $158.50. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly 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. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 40,119 shares of the company’s 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the sale, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock worth $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BNP Paribas reissued an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company cut their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. BNP Paribas Exane cut their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Raymond James Financial reduced their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price 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.