Peregrine Asset Advisers Inc. Sells 7,961 Shares of Procter & Gamble Company (The) $PG

Peregrine Asset Advisers Inc. decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 38.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,940 shares of the company’s stock after selling 7,961 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Procter & Gamble were worth $2,062,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PG. Kingstone Capital Partners Texas LLC boosted its holdings 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 valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the period. Nuveen LLC purchased a new stake in Procter & Gamble during the first quarter worth $1,954,941,000. Price T Rowe Associates Inc. MD lifted its holdings in Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after buying an additional 2,466,308 shares during the period. Invesco Ltd. lifted its holdings in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock worth $2,299,580,000 after buying an additional 2,228,151 shares during the period. Finally, Valeo Financial Advisors LLC lifted its holdings in Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company’s stock worth $280,946,000 after buying an additional 1,674,139 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 150,488 shares of company stock worth $23,529,718. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Price Performance

NYSE:PG opened at $150.70 on Monday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $352.14 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The stock’s 50-day moving average price is $153.89 and its 200-day moving average price is $157.77.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results 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%. Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities analysts expect 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 will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid 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 yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a report on Monday, October 27th. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, UBS Group decreased their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.53.

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.