PCG Asset Management LLC Sells 1,173 Shares of Procter & Gamble Company (The) $PG

PCG Asset Management LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 15.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,213 shares of the company’s stock after selling 1,173 shares during the period. Procter & Gamble accounts for 0.9% of PCG Asset Management LLC’s portfolio, making the stock its 27th biggest position. PCG Asset Management LLC’s holdings in Procter & Gamble were worth $990,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in Procter & Gamble during the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the period. Quarry LP bought a new stake in Procter & Gamble during the 1st quarter valued at $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Raymond James Financial decreased their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research report on Monday, October 27th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $171.53.

Insider Transactions at Procter & Gamble

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 sale, the chief executive officer owned 319,375 shares in the company, valued at $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the firm’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 transaction of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 150,488 shares of company stock valued at $23,529,718. 0.20% of the stock is owned by company insiders.

Procter & Gamble Trading Down 1.0%

Shares of Procter & Gamble stock opened at $145.52 on Tuesday. The firm’s 50 day simple moving average is $152.69 and its two-hundred day simple moving average is $156.92. The firm has a market capitalization of $340.04 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $144.09 and a 12-month high of $180.43. 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 (NYSE:PG) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

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.