Joule Financial LLC Has $900,000 Position in Procter & Gamble Company (The) $PG

Joule Financial LLC cut its position in Procter & Gamble Company (The) (NYSE:PG) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,649 shares of the company’s stock after selling 188 shares during the period. Joule Financial LLC’s holdings in Procter & Gamble were worth $900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC increased its position in shares of Procter & Gamble by 2.3% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 57,527 shares of the company’s stock valued at $9,165,000 after buying an additional 1,276 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in shares of Procter & Gamble by 3.0% in the second quarter. Woodmont Investment Counsel LLC now owns 88,890 shares of the company’s stock worth $14,162,000 after acquiring an additional 2,556 shares in the last quarter. Grimes & Company Inc. raised its position in shares of Procter & Gamble by 4.6% during the second quarter. Grimes & Company Inc. now owns 34,825 shares of the company’s stock worth $5,548,000 after purchasing an additional 1,540 shares during the period. Three Bridge Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 54.3% during the 2nd quarter. Three Bridge Wealth Advisors LLC now owns 4,175 shares of the company’s stock valued at $665,000 after purchasing an additional 1,470 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Procter & Gamble by 22.5% in the 2nd quarter. Merit Financial Group LLC now owns 135,677 shares of the company’s stock valued at $21,616,000 after purchasing an additional 24,889 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Up 0.1%

NYSE PG opened at $152.19 on Monday. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $155.51 and a 200-day moving average of $159.95. The company has a market cap of $356.20 billion, a PE ratio of 23.38, a PEG ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter 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 anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s payout ratio is 64.82%.

Analysts Set New Price Targets

Several analysts have commented on PG shares. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday, September 27th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. 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. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $173.11.

Insider Transactions at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the firm’s 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 $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares in the company, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,181 shares of company stock valued at $18,918,012. Company insiders own 0.20% of the company’s stock.

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.