Summit X LLC Trims Position in Procter & Gamble Company (The) $PG

Summit X LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,888 shares of the company’s stock after selling 3,826 shares during the period. Summit X LLC’s holdings in Procter & Gamble were worth $3,805,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the first quarter worth approximately $26,000. Signature Resources Capital Management LLC grew its position in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Quarry LP purchased a new position in Procter & Gamble during the 1st quarter worth $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $34,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on PG shares. Barclays cut their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. JPMorgan Chase & Co. upped their price objective on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Trading Up 0.5%

Shares of PG stock opened at $146.90 on Friday. The stock has a market cap of $343.28 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.87 and a beta of 0.36. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a fifty-two week low of $144.46 and a fifty-two week high of $180.43. The business has a fifty day simple moving average of $152.93 and a 200-day simple moving average of $157.08.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares of the company’s stock, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the sale, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 150,488 shares of company stock valued at $23,529,718 in the last ninety days. 0.20% of the stock is owned by insiders.

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.