Pettee Investors Inc. Reduces Holdings in Procter & Gamble Company (The) $PG

Pettee Investors Inc. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 20,264 shares of the company’s stock after selling 403 shares during the period. Procter & Gamble makes up about 1.9% of Pettee Investors Inc.’s investment portfolio, making the stock its 11th biggest position. Pettee Investors Inc.’s holdings in Procter & Gamble were worth $3,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth about $26,000. Signature Resources Capital Management LLC increased its position in shares of Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP bought a new stake in shares of Procter & Gamble in the 1st quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Insider Activity

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the sale, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction dated 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 owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 149,763 shares of company stock worth $23,421,279 over the last three months. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of recent research reports. 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. BNP Paribas Exane lowered their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. UBS Group lowered their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Trading Down 0.1%

Procter & Gamble stock opened at $151.54 on Wednesday. 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 firm has a 50-day moving average price of $154.44 and a two-hundred day moving average price of $158.22. The firm has a market capitalization of $354.10 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 4.03 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion during 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 revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid 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 is Friday, October 24th. Procter & Gamble’s payout ratio is presently 61.75%.

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.