RMR Wealth Builders Purchases 1,895 Shares of Procter & Gamble Company (The) $PG

RMR Wealth Builders increased its position in Procter & Gamble Company (The) (NYSE:PG) by 13.1% during the second quarter, HoldingsChannel.com reports. The firm owned 16,325 shares of the company’s stock after acquiring an additional 1,895 shares during the quarter. RMR Wealth Builders’ holdings in Procter & Gamble were worth $2,601,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares in the last quarter. Triumph Capital Management raised its position in Procter & Gamble by 102.7% in the 4th quarter. Triumph Capital Management now owns 9,400 shares of the company’s stock worth $1,576,000 after buying an additional 4,763 shares during the last quarter. Sentinus LLC raised its position in Procter & Gamble by 12.2% in the 4th quarter. Sentinus LLC now owns 2,405 shares of the company’s stock worth $403,000 after buying an additional 262 shares during the last quarter. Finally, Tang Capital Management LLC raised its position in Procter & Gamble by 54.8% in the 4th quarter. Tang Capital Management LLC now owns 7,962 shares of the company’s stock worth $1,335,000 after buying an additional 2,817 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PG. BNP Paribas reissued an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company dropped their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.12.

Insider Buying and Selling

In related news, CEO Jennifer L. Davis sold 8,596 shares of the 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 $1,351,892.92. Following the completion of the sale, the chief executive officer directly owned 64,991 shares of the company’s stock, valued at approximately $10,221,134.57. This represents a 11.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer directly owned 41,886 shares of the company’s stock, valued at $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.4%

Shares of PG stock opened at $158.02 on Monday. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The stock has a market cap of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.17 and a beta of 0.36. 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 company has a 50 day simple moving average of $156.21 and a two-hundred day simple moving average of $161.77.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company earned $1.40 earnings per share. The firm’s revenue 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, research 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 was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio is currently 64.82%.

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.