Ancora Advisors LLC Sells 23,535 Shares of Procter & Gamble Company (The) $PG

Key Points

• Ancora Advisors reduced its Procter & Gamble position by 9.6% in the second quarter, selling 23,535 shares and retaining 221,092 shares valued at approximately $32.4 million.
• Analysts maintain a generally positive outlook, with 13 Buy ratings and 11 Holds producing a “Moderate Buy” consensus and an average price target of $161.19.
• P&G reported quarterly EPS of $1.43, above estimates, and continues to offer a roughly 3.0% dividend yield supported by a $1.0885 quarterly payout.

Ancora Advisors LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,092 shares of the company's stock after selling 23,535 shares during the quarter. Ancora Advisors LLC's holdings in Procter & Gamble were worth $32,421,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after buying an additional 150 shares during the last quarter. Park Square Financial Group LLC boosted its stake in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter worth $26,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 359 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 2,238 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the sale, the insider owned 26,989 shares in the company, valued at $3,880,748.31. This represents a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research report on Friday, June 26th. BMO Capital Markets boosted their price objective on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Procter & Gamble in a research note on Wednesday, August 19th. Citigroup reduced their target price on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Barclays increased their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Thirteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $161.19.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Tariff recovery improves cash flow: P&G recovered approximately $100 million in tariffs it had previously paid after those charges were ruled illegal. The reimbursement should provide a modest financial benefit and removes some cost pressure. P&G has gotten back $100M in Trump tariffs it paid
• Positive Sentiment: Dividend appeal remains strong: Recent commentary highlights PG’s roughly 3% yield, long record of annual dividend increases and potential for compounding income over time. The stock continues to be viewed as a defensive holding for retirees and long-term dividend investors. Why P&G’s 3% Yield Could Matter More to Long-Term Dividend Investors
• Positive Sentiment: Defensive positioning: Analysts and investing publications continue to recommend P&G as a dependable consumer-staples dividend stock, citing its brand portfolio, productivity efforts, innovation and robust cash returns. The Best Dividend Stock for 2027 and Beyond: Procter & Gamble

Procter & Gamble Stock Up 0.5%

NYSE:PG opened at $145.86 on Wednesday. The firm has a market capitalization of $338.78 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 4.47 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The stock's 50 day moving average price is $146.96 and its two-hundred day moving average price is $148.02. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, July 24th. Procter & Gamble's dividend payout ratio is presently 65.71%.

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.

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