StrongBox Wealth LLC Grows Stock Holdings in Procter & Gamble Company (The) $PG

StrongBox Wealth LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,048 shares of the company’s stock after purchasing an additional 162 shares during the quarter. StrongBox Wealth LLC’s holdings in Procter & Gamble were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth about $26,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $31,000. Quarry LP bought a new stake in shares of Procter & Gamble in the 1st quarter worth about $33,000. 10Elms LLP bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares of the company’s stock, valued at $4,292,684.65. The trade was a 25.00% 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 ninety days. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Procter & Gamble Price Performance

PG stock opened at $158.08 on Wednesday. Procter & Gamble Company has a twelve month low of $149.91 and a twelve 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 business has a 50 day simple moving average of $156.14 and a 200-day simple moving average of $161.62. The company has a market capitalization of $369.98 billion, a P/E ratio of 24.28, a PEG ratio of 4.14 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble’s payout ratio is 64.98%.

Procter & Gamble Company 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.