Procter & Gamble Company (The) $PG Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 95,756 shares of the company’s stock after selling 1,432 shares during the period. Procter & Gamble comprises 0.9% of Parsons Capital Management Inc. RI’s investment portfolio, making the stock its 18th biggest holding. Parsons Capital Management Inc. RI’s holdings in Procter & Gamble were worth $15,256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Benjamin Edwards Inc. raised its stake in shares of Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after acquiring an additional 199,258 shares during the period. Capital Investment Advisory Services LLC grew its holdings in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock valued at $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors grew its holdings in shares of Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Procter & Gamble by 26.4% in the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock valued at $20,451,000 after purchasing an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC grew its holdings in shares of Procter & Gamble by 8.7% in the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock valued at $294,000 after purchasing an additional 138 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. This represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 8,596 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares of the company’s stock, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. Evercore ISI restated an “in-line” rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. BNP Paribas restated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Berenberg Bank lifted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.11.

Procter & Gamble Trading Down 0.7%

Shares of Procter & Gamble stock opened at $152.06 on Friday. The company has a fifty day simple moving average of $155.63 and a 200-day simple moving average of $160.17. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a market cap of $355.90 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 4.04 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its earnings results 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 business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is 64.82%.

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.