Brookstone Capital Management Buys 3,290 Shares of Procter & Gamble Company (The) $PG

Key Points

• Brookstone Capital Management increased its stake in Procter & Gamble by 5.8%, owning 59,812 shares valued at approximately $9.53 million after purchasing an additional 3,290 shares in the second quarter.
• Procter & Gamble's recent earnings report showed an EPS of $1.48, surpassing analysts' expectations of $1.42, with revenue reaching $20.89 billion, a 1.7% increase year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend of $4.23 and a yield of 2.8%, with the payment date set for November 17th.

Brookstone Capital Management lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,812 shares of the company's stock after purchasing an additional 3,290 shares during the period. Brookstone Capital Management's holdings in Procter & Gamble were worth $9,529,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PG. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble during the 1st quarter worth approximately $26,000. Signature Resources Capital Management LLC increased its holdings in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble during the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE:PG opened at $152.12 on Thursday. The stock has a fifty day moving average price of $154.73 and a 200-day moving average price of $158.50. The company has a market cap of $356.03 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 4.02 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The firm 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%.The company's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Activity

In other news, COO Shailesh Jejurikar sold 3,986 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the company's stock in a transaction on Thursday, October 2nd. The shares were 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 approximately $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. UBS Group reduced their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. Finally, 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. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $171.68.

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.

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