Bogart Wealth LLC Has $10.90 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• Bogart Wealth LLC increased its stake in Procter & Gamble to $10.90 million, owning 68,413 shares after purchasing an additional 1,818 shares in the second quarter.
• Procter & Gamble reported quarterly earnings of $1.48 EPS, surpassing analysts’ estimates, with revenue increasing 1.7% year-over-year to $20.89 billion.
• A quarterly dividend of $1.0568 was declared, representing an annualized yield of 2.8%, with the ex-dividend date set for October 24.

Bogart Wealth LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,413 shares of the company's stock after buying an additional 1,818 shares during the quarter. Bogart Wealth LLC's holdings in Procter & Gamble were worth $10,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. B & T Capital Management DBA Alpha Capital Management lifted its stake in Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after buying an additional 63 shares during the period. Private Management Group Inc. lifted its stake in Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock valued at $236,000 after buying an additional 64 shares during the period. Lantz Financial LLC raised its position in shares of Procter & Gamble by 1.2% during the second quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock worth $834,000 after purchasing an additional 64 shares during the period. Orca Investment Management LLC raised its position in shares of Procter & Gamble by 2.0% during the second quarter. Orca Investment Management LLC now owns 3,238 shares of the company's stock worth $516,000 after purchasing an additional 64 shares during the period. Finally, Detalus Advisors LLC raised its position in shares of Procter & Gamble by 0.8% during the first quarter. Detalus Advisors LLC now owns 7,918 shares of the company's stock worth $1,349,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 1.3%

NYSE:PG opened at $151.53 on Monday. 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 cap of $354.66 billion, a PE ratio of 23.28, a PEG ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The stock has a 50-day simple moving average of $154.92 and a 200 day simple moving average of $158.67.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping 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 return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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 paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Bank of America dropped their price target on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $172.21.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of the firm'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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 11,638 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by insiders.

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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