Welch Group LLC Increases Stock Holdings in Procter & Gamble Company (The) $PG

Welch Group LLC boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 344,698 shares of the company’s stock after buying an additional 6,900 shares during the period. Procter & Gamble makes up approximately 2.1% of Welch Group LLC’s holdings, making the stock its 23rd largest holding. Welch Group LLC’s holdings in Procter & Gamble were worth $52,963,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after acquiring an additional 76,017,350 shares during the last quarter. Norges Bank purchased a new stake in Procter & Gamble in the 2nd quarter worth about $5,099,644,000. Laurel Wealth Advisors LLC lifted its stake in Procter & Gamble by 15,971.7% in the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after purchasing an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after buying an additional 3,189,111 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Procter & Gamble by 21.4% during the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after buying an additional 2,880,895 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Shailesh Jejurikar sold 3,986 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the transaction, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was 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 directly owned 61,764 shares of the company’s stock, valued at $9,402,333.72. The trade was a 4.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 30,308 shares of company stock valued at $4,611,852. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Price Performance

PG opened at $143.20 on Wednesday. The firm has a market capitalization of $334.62 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 4.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The business’s 50-day moving average is $147.10 and its two-hundred day moving average is $153.09. Procter & Gamble Company has a 1 year low of $138.14 and a 1 year high of $179.99.

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

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research note on Monday, October 27th. UBS Group lowered their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. Finally, Berenberg Bank lifted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

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.