Asset One Wealth Management LLC Has $1.15 Million Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Asset One Wealth Management cut its Procter & Gamble position by 68.1% in the second quarter, selling 16,530 shares and retaining 7,754 shares valued at approximately $1.15 million. Institutional investors collectively own 65.77% of the company.
• Procter & Gamble shares recently traded at $143.18, down 1.3%, while the company reported quarterly earnings of $1.43 per share—beating estimates—but revenue of $21.20 billion fell short of forecasts.
• P&G declared a quarterly dividend of $1.0885 per share, representing an annualized payout of $4.35 and a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $161.19.

Asset One Wealth Management LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 68.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,754 shares of the company's stock after selling 16,530 shares during the period. Asset One Wealth Management LLC's holdings in Procter & Gamble were worth $1,148,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. increased its holdings in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after purchasing an additional 150 shares in the last quarter. Park Square Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 71 shares in the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble during the second quarter worth $26,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth $26,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 1.3%

NYSE PG opened at $143.18 on Friday. The business's fifty day moving average is $147.25 and its 200-day moving average is $148.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $332.81 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 4.47 and a beta of 0.39. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were paid a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America dropped their price objective on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating on the stock in a research note on Friday, July 10th. Barclays upped their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. Jefferies Financial Group boosted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the stock a "buy" rating in a report on Friday, June 26th. Finally, Argus downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $161.19.

Insider Buying and Selling

In other Procter & Gamble news, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares of the company's stock, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 6,627 shares of company stock valued at $953,417. 0.20% of the stock is owned by company insiders.

About Procter & Gamble

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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