Tevis Investment Management Purchases 2,520 Shares of Procter & Gamble Company (The) $PG

Tevis Investment Management grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 21.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,153 shares of the company’s stock after acquiring an additional 2,520 shares during the quarter. Procter & Gamble comprises 1.4% of Tevis Investment Management’s holdings, making the stock its 21st largest holding. Tevis Investment Management’s holdings in Procter & Gamble were worth $2,255,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in Procter & Gamble during the first quarter worth $26,000. Signature Resources Capital Management LLC grew its holdings in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares in the last quarter. Quarry LP bought a new stake in Procter & Gamble during the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble during the second quarter worth $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble during the second quarter worth $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.6%

PG stock opened at $151.62 on Tuesday. The stock’s fifty day simple moving average is $154.58 and its two-hundred day simple moving average is $158.31. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The stock has a market cap of $354.85 billion, a P/E ratio of 22.13, a P/E/G ratio of 4.05 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.51% and a net margin of 19.74%.The business had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Berenberg Bank upped their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Raymond James Financial decreased their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Finally, Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares of the company’s stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock worth $23,421,279 in the last three months. Corporate insiders own 0.20% of the company’s stock.

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.