Procter & Gamble Company (The) $PG Shares Bought by Atticus Wealth Management LLC

Key Points

• Atticus Wealth Management LLC increased its stake in Procter & Gamble by 39.9% during Q2, owning 6,893 shares valued at approximately $1.1 million.
• Procter & Gamble reported $1.48 EPS for the latest quarter, exceeding estimates, with revenue of $20.89 billion, marking a 1.7% year-over-year increase.
• The company announced a quarterly dividend of $1.0568 per share, with a current annualized dividend yield of 2.6% and a dividend payout ratio of 64.82%.

Atticus Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 39.9% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 6,893 shares of the company's stock after acquiring an additional 1,966 shares during the quarter. Atticus Wealth Management LLC's holdings in Procter & Gamble were worth $1,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble during the 1st quarter valued at about $26,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Quarry LP purchased a new position in shares of Procter & Gamble during the 1st quarter valued at about $33,000. 10Elms LLP purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $2.03 on Monday, hitting $154.01. 3,025,445 shares of the company were exchanged, compared to its average volume of 7,963,111. The stock has a market capitalization of $360.46 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. The company has a 50-day moving average price of $156.16 and a 200 day moving average price of $161.19. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

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

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's dividend payout ratio is currently 64.98%.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PG shares. Berenberg Bank lifted their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. BNP Paribas restated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.94.

Procter & Gamble 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.