Salem Investment Counselors Inc. Trims Holdings in Procter & Gamble Company (The) $PG

Salem Investment Counselors Inc. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 104,344 shares of the company’s stock after selling 6,778 shares during the period. Salem Investment Counselors Inc.’s holdings in Procter & Gamble were worth $16,032,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC lifted its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. grew its position in Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares in the last quarter. Algert Global LLC increased its stake in Procter & Gamble by 8.0% during the first quarter. Algert Global LLC now owns 5,410 shares of the company’s stock worth $922,000 after purchasing an additional 400 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Procter & Gamble during the first quarter worth about $3,494,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Procter & Gamble in the first quarter valued at approximately $430,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.76.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the transaction, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,308 shares of company stock valued at $4,611,852 over the last three months. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $147.71 on Thursday. The stock has a market cap of $345.15 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 4.88 and a beta of 0.39. The company has a fifty day simple moving average of $147.53 and a 200-day simple moving average of $153.78. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. 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.