Abacus Planning Group Inc. Has $375,000 Holdings in Procter & Gamble Company (The) $PG

Key Points

• Abacus Planning Group Inc. reduced its stake in Procter & Gamble by 59.1% in Q2, holding now 2,354 shares valued at $375,000.
• Insider transactions revealed CEO Gary A. Coombe sold 10,194 shares for over $1.6 million, decreasing his ownership by 22.57%.
• Procter & Gamble has set its FY 2026 EPS guidance at $6.830-7.090, with analysts forecasting an EPS of $6.91 for the current year.

Abacus Planning Group Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 59.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,354 shares of the company's stock after selling 3,405 shares during the period. Abacus Planning Group Inc.'s holdings in Procter & Gamble were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $26,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. Quarry LP acquired a new position in shares of Procter & Gamble during the 1st quarter worth about $33,000. Mizuho Securities Co. Ltd. boosted its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of Procter & Gamble by 50.3% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after buying an additional 82 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares of the company's stock, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PG shares. Evercore ISI restated an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas restated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Berenberg Bank raised their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $173.94.

Procter & Gamble Trading Down 1.8%

Shares of NYSE:PG opened at $153.16 on Tuesday. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a market capitalization of $358.48 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. The company has a 50-day simple moving average of $156.15 and a 200 day simple moving average of $161.03. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business 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. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 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.

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