AssuredPartners Investment Advisors LLC Reduces Stake in Procter & Gamble Company (The) $PG

Key Points

• AssuredPartners Investment Advisors LLC reduced its stake in Procter & Gamble by 48.4%, now holding 4,654 shares valued at approximately $742,000.
• The company reported $1.48 EPS for the last quarter, exceeding analysts' expectations of $1.42, and had a net revenue of $20.89 billion.
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.8%.

AssuredPartners Investment Advisors LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 48.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,654 shares of the company's stock after selling 4,365 shares during the quarter. AssuredPartners Investment Advisors LLC's holdings in Procter & Gamble were worth $742,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC grew its holdings in 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 valued at $11,832,680,000 after buying an additional 76,017,350 shares in the last quarter. Northern Trust Corp grew its holdings in Procter & Gamble by 0.8% in the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock valued at $5,051,930,000 after buying an additional 248,792 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after buying an additional 2,466,308 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Procter & Gamble by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after buying an additional 583,629 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Procter & Gamble by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,293,428 shares of the company's stock valued at $2,947,146,000 after buying an additional 1,018,865 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $149.50 on Friday. The business has a 50-day moving average of $154.96 and a 200 day moving average of $158.97. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The stock has a market capitalization of $349.90 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

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

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PG shares. Barclays lowered their price target on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. UBS Group lowered their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. BNP Paribas reiterated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, BNP Paribas Exane lowered their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $172.21.

Insider Buying and Selling

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares of the company's stock, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the sale, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock worth $23,421,279 over the last ninety days. Company insiders own 0.20% of the company's stock.

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.

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