Somerville Kurt F Lowers Holdings in Procter & Gamble Company (The) $PG

Somerville Kurt F decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,024 shares of the company’s stock after selling 3,409 shares during the period. Procter & Gamble accounts for 2.7% of Somerville Kurt F’s portfolio, making the stock its 14th largest position. Somerville Kurt F’s holdings in Procter & Gamble were worth $16,598,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the third quarter valued at $25,000. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble in the 3rd quarter worth about $32,000. Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble in the 3rd quarter valued at about $37,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter worth about $40,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares in the company, valued at $5,680,576.02. This represents a 50.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 12,827 shares of Procter & Gamble stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at approximately $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 341,260 shares of company stock valued at $54,256,985. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.0%

Procter & Gamble stock traded up $0.04 during trading hours on Friday, reaching $158.60. 650,166 shares of the company’s stock traded hands, compared to its average volume of 11,712,499. The firm’s 50 day moving average is $148.66 and its 200-day moving average is $150.63. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The firm has a market capitalization of $368.59 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 5.21 and a beta of 0.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter in the previous year, the company posted $1.88 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts predict 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 Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a $1.0568 dividend. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Wells Fargo & Company restated an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Tuesday. Barclays set a $155.00 target price on Procter & Gamble in a research note on Friday, January 16th. Rothschild & Co Redburn boosted their price target on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and increased their price objective for the company from $150.00 to $156.00 in a research report on Tuesday, January 27th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.