Procter & Gamble Company (The) $PG Shares Purchased by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,319 shares of the company’s stock after buying an additional 1,846 shares during the quarter. Procter & Gamble makes up 1.4% of MOKAN Wealth Management Inc.’s portfolio, making the stock its 22nd largest position. MOKAN Wealth Management Inc.’s holdings in Procter & Gamble were worth $2,442,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Almanack Investment Partners LLC. raised its position in shares of Procter & Gamble by 12.1% during the 2nd quarter. Almanack Investment Partners LLC. now owns 7,809 shares of the company’s stock worth $1,244,000 after purchasing an additional 845 shares during the last quarter. Yarger Wealth Strategies LLC raised its position in shares of Procter & Gamble by 13.8% during the 2nd quarter. Yarger Wealth Strategies LLC now owns 2,565 shares of the company’s stock worth $409,000 after purchasing an additional 311 shares during the last quarter. Retirement Planning Group LLC NY raised its position in shares of Procter & Gamble by 2.8% during the 2nd quarter. Retirement Planning Group LLC NY now owns 2,775 shares of the company’s stock worth $442,000 after purchasing an additional 76 shares during the last quarter. GW Henssler & Associates Ltd. raised its holdings in Procter & Gamble by 2.3% in the 2nd quarter. GW Henssler & Associates Ltd. now owns 4,074 shares of the company’s stock valued at $649,000 after acquiring an additional 92 shares during the last quarter. Finally, Alpha Financial Partners LLC raised its holdings in Procter & Gamble by 19.4% in the 2nd quarter. Alpha Financial Partners LLC now owns 1,504 shares of the company’s stock valued at $240,000 after acquiring an additional 244 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 0.6%

Shares of NYSE PG opened at $149.69 on Monday. Procter & Gamble Company has a 52-week low of $149.45 and a 52-week high of $180.43. The firm has a fifty day moving average of $155.24 and a 200-day moving average of $159.41. The stock has a market capitalization of $350.34 billion, a PE ratio of 22.99, a P/E/G ratio of 3.97 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period in the previous year, the company earned $1.40 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 4,252 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the sale, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays cut their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. BNP Paribas reiterated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Eleven investment 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $172.21.

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.