ARS Wealth Advisors Group LLC Raises Position in Procter & Gamble Company (The) $PG

Key Points

• ARS Wealth Advisors Group LLC increased its stake in Procter & Gamble by 1.7%, owning 122,184 shares worth approximately $19.5 million as of the last SEC filing.
• Procter & Gamble's recent quarterly earnings beat expectations, reporting $1.48 EPS, exceeding the consensus estimate of $1.42.
• The company declared a quarterly dividend of $1.0568 per share, reflecting a dividend yield of 2.7% and a payout ratio of 64.98%.

ARS Wealth Advisors Group LLC boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,184 shares of the company's stock after purchasing an additional 2,010 shares during the period. Procter & Gamble comprises 2.2% of ARS Wealth Advisors Group LLC's holdings, making the stock its 13th largest position. ARS Wealth Advisors Group LLC's holdings in Procter & Gamble were worth $19,466,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its holdings in Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after acquiring an additional 199,258 shares during the period. Capital Investment Advisory Services LLC increased its holdings in shares of Procter & Gamble by 13.8% in the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors increased its holdings in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Procter & Gamble by 26.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock worth $20,451,000 after buying an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC lifted its position in Procter & Gamble by 8.7% during the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock valued at $294,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company lowered 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. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.94.

Insider Activity

In other news, insider Susan Street Whaley sold 1,000 shares of the company's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider directly owned 28,436 shares of the company's stock, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jennifer L. Davis sold 8,596 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 $1,351,892.92. Following the transaction, the chief executive officer directly owned 64,991 shares in the company, valued at approximately $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,181 shares of company stock worth $18,918,012. Company insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

PG traded down $1.17 during midday trading on Friday, hitting $156.15. The company had a trading volume of 17,159,888 shares, compared to its average volume of 5,803,375. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market capitalization of $365.47 billion, a PE ratio of 23.99, a P/E/G ratio of 4.12 and a beta of 0.36. The firm's 50-day simple moving average is $156.16 and its 200-day simple moving average is $161.28. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's payout ratio is presently 64.82%.

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.