Procter & Gamble Company (The) $PG Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,367 shares of the company’s stock after purchasing an additional 488 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Procter & Gamble were worth $18,540,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Kingstone Capital Partners Texas LLC increased its stake in shares of Procter & Gamble by 655,209.0% in the 2nd 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 in the last quarter. Northern Trust Corp grew its holdings in Procter & Gamble by 0.8% in the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company’s stock valued at $5,051,930,000 after purchasing an additional 248,792 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock valued at $3,660,737,000 after buying an additional 2,466,308 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company’s stock worth $2,966,252,000 after buying an additional 583,629 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Procter & Gamble by 6.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,293,428 shares of the company’s stock valued at $2,947,146,000 after buying an additional 1,018,865 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James Financial cut their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company reduced their price target 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. Barclays lowered their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Finally, Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 9,849 shares of the 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 $1,548,952.23. Following the completion of the transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,488 shares of company stock worth $23,529,718 over the last ninety days. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Trading Up 0.2%

PG opened at $146.06 on Friday. The firm has a market capitalization of $341.30 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The company’s 50 day simple moving average is $153.13 and its two-hundred day simple moving average is $157.29. Procter & Gamble Company has a 1-year low of $144.46 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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. 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 2.9%. Procter & Gamble’s payout ratio is 61.61%.

Procter & Gamble 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.