Canandaigua National Bank & Trust Co. Boosts Stake in Procter & Gamble Company (The) $PG

Key Points

• Canandaigua National Bank & Trust Co. increased its stake in Procter & Gamble Company by 2.2% during the second quarter, now holding 81,525 shares worth nearly $13 million.
• Procter & Gamble reported $1.48 EPS for the last quarter, beating estimates, and set its FY 2026 EPS guidance at $6.830 - $7.090.
• Multiple analysts have recently assigned price targets for Procter & Gamble, with a consensus target of $175.12 and ratings ranging from "Strong Buy" to "Hold".

Canandaigua National Bank & Trust Co. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,525 shares of the company's stock after buying an additional 1,732 shares during the period. Procter & Gamble accounts for about 1.2% of Canandaigua National Bank & Trust Co.'s investment portfolio, making the stock its 15th biggest holding. Canandaigua National Bank & Trust Co.'s holdings in Procter & Gamble were worth $12,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at $26,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $31,000. Quarry LP purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at $33,000. 10Elms LLP purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of Procter & Gamble during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $175.12.

Insider Activity

In other news, insider Susan Street Whaley sold 1,000 shares of the firm's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider directly owned 28,436 shares in the company, valued at $4,459,902.24. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Price Performance

Shares of PG opened at $158.02 on Monday. The business's 50-day moving average is $156.21 and its two-hundred day moving average is $161.77. The company has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.17 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 $149.91 and a fifty-two week high of $180.43.

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 the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for 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 firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is 64.82%.

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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