Calamos Wealth Management LLC Has $3.64 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• Calamos Wealth Management LLC increased its stake in Procter & Gamble by 16.9% during the second quarter, holding shares valued at $3.64 million by the end of the quarter.
• Analysts have lowered price targets for Procter & Gamble, with BNP Paribas Exane reducing it from $177 to $172, yet the stock maintains a consensus rating of "Moderate Buy".
• The company announced a quarterly dividend of $1.0568, representing an annual yield of 2.8%, with the ex-dividend date set for October 24th.

Calamos Wealth Management LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 16.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,867 shares of the company's stock after purchasing an additional 3,300 shares during the period. Calamos Wealth Management LLC's holdings in Procter & Gamble were worth $3,643,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MOKAN Wealth Management Inc. increased its holdings in shares of Procter & Gamble by 13.7% in the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company's stock valued at $2,442,000 after purchasing an additional 1,846 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after acquiring an additional 199,258 shares during the last quarter. Capital Investment Advisory Services LLC boosted its stake in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after acquiring an additional 4,562 shares during the last quarter. World Investment Advisors boosted its stake in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after acquiring an additional 2,886 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in Procter & Gamble by 26.4% in the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after acquiring an additional 25,059 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BNP Paribas Exane reduced their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Barclays reduced their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $172.21.

Insiders Place Their Bets

In related news, CEO Jennifer L. Davis sold 3,227 shares of the business'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 directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock worth $23,421,279 in the last ninety days. 0.20% of the stock is owned by insiders.

Procter & Gamble Trading Up 1.3%

Shares of NYSE PG opened at $151.53 on Friday. The company's fifty day moving average is $154.92 and its 200-day moving average is $158.77. The stock has a market cap of $354.66 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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

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.

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