Procter & Gamble Company (The) $PG Position Lifted 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 raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 39.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,893 shares of the company's stock after purchasing an additional 1,966 shares during the quarter. Atticus Wealth Management LLC's holdings in Procter & Gamble were worth $1,098,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the first quarter valued at about $26,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the fourth quarter worth about $31,000. Quarry LP purchased a new stake in Procter & Gamble during the first quarter worth about $33,000. 10Elms LLP purchased a new stake in Procter & Gamble during the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. boosted its holdings in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Schulten sold 11,638 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,181 shares of company stock valued at $18,918,012. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Trading Down 0.7%

Shares of Procter & Gamble stock traded down $1.17 during trading hours on Friday, hitting $156.15. The company's stock had a trading volume of 17,159,888 shares, compared to its average volume of 5,803,375. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The business has a fifty day moving average of $156.16 and a 200 day moving average of $161.37. The company has a market capitalization of $365.47 billion, a PE ratio of 23.99, a P/E/G ratio of 4.15 and a beta of 0.36. 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 released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on PG shares. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Berenberg Bank lifted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $173.94.

Procter & Gamble Company 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.