Callahan Advisors LLC Purchases 2,114 Shares of Procter & Gamble Company (The) $PG

Key Points

• Callahan Advisors LLC increased its stake in Procter & Gamble by 2.0%, owning a total of 106,094 shares valued at $16.9 million as of the latest reporting period.
• Recent analyst ratings show a trend of lowered target prices for Procter & Gamble, with Barclays and JPMorgan cutting their targets from $164.00 to $153.00 and $170.00 to $163.00 respectively.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, which reflects an annualized dividend yield of 2.9%, with the payment date set for November 17th.

Callahan Advisors LLC grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,094 shares of the company's stock after purchasing an additional 2,114 shares during the quarter. Procter & Gamble makes up about 1.5% of Callahan Advisors LLC's portfolio, making the stock its 19th largest position. Callahan Advisors LLC's holdings in Procter & Gamble were worth $16,903,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter valued at $26,000. Signature Resources Capital Management LLC boosted its stake in shares of Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP bought a new position in Procter & Gamble during the first quarter worth $33,000. Mizuho Securities Co. Ltd. boosted its stake 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 acquiring an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble during the second quarter worth $37,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on PG shares. Barclays cut their target price 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. JPMorgan Chase & Co. cut their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. BNP Paribas Exane cut their target price 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. Finally, BNP Paribas reissued an "outperform" rating and set a $177.00 target price 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $172.21.

Procter & Gamble Stock Down 1.1%

Procter & Gamble stock opened at $147.45 on Thursday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The firm has a market capitalization of $345.11 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 3.96 and a beta of 0.36. The firm's fifty day moving average price is $155.04 and its two-hundred day moving average price is $159.12. The company has a current ratio of 0.70, a quick ratio of 0.49 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 for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the firm 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. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble's dividend payout ratio is currently 64.98%.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 490 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the completion of the sale, the insider owned 12,616 shares in the company, valued at $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the completion of the sale, the chief executive officer owned 319,932 shares of the company's stock, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

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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