Sanders Morris Harris LLC Acquires 5,131 Shares of Procter & Gamble Company (The) $PG

Sanders Morris Harris LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 151.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,530 shares of the company’s stock after buying an additional 5,131 shares during the quarter. Sanders Morris Harris LLC’s holdings in Procter & Gamble were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in PG. MOKAN Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 13.7% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after buying an additional 1,846 shares in the last quarter. Westerkirk Capital Inc. bought a new position in shares of Procter & Gamble in the second quarter worth $4,796,000. Vega Investment Solutions grew its position in shares of Procter & Gamble by 1.3% in the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after purchasing an additional 8,500 shares in the last quarter. Caliber Wealth Management LLC KS lifted its holdings in Procter & Gamble by 36.2% during the 2nd quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares in the last quarter. Finally, Jump Financial LLC bought a new position in Procter & Gamble in the 2nd quarter worth about $7,891,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE PG opened at $147.71 on Thursday. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The company has a fifty day moving average of $147.53 and a 200-day moving average of $153.78. The company has a market capitalization of $345.15 billion, a P/E ratio of 21.56, a P/E/G ratio of 4.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities research analysts predict 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 Monday, November 17th. Shareholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 61.75%.

Insider Transactions at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 3,227 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 value of $491,246.21. Following the completion of the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 2,408 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $366,569.84. Following the completion of the transaction, the insider owned 31,770 shares in the company, valued at approximately $4,836,347.10. The trade was a 7.05% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 30,308 shares of company stock worth $4,611,852. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BNP Paribas Exane decreased their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Bank of America cut their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price target for the stock from $156.00 to $179.00 in a report on Tuesday. Finally, Raymond James Financial dropped their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $171.76.

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.