Conning Inc. Raises Stock Holdings in Procter & Gamble Company (The) $PG

Conning Inc. grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,167 shares of the company's stock after buying an additional 3,839 shares during the quarter. Conning Inc.'s holdings in Procter & Gamble were worth $34,758,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Drucker Wealth 3.0 LLC raised its stake in shares of Procter & Gamble by 147.2% in the 2nd quarter. Drucker Wealth 3.0 LLC now owns 9,468 shares of the company's stock valued at $1,491,000 after purchasing an additional 5,638 shares in the last quarter. Summit Place Financial Advisors LLC increased its holdings in Procter & Gamble by 1.5% in the second quarter. Summit Place Financial Advisors LLC now owns 14,163 shares of the company's stock valued at $2,256,000 after buying an additional 207 shares during the last quarter. Eastern Bank increased its holdings in Procter & Gamble by 13.5% in the second quarter. Eastern Bank now owns 357,793 shares of the company's stock valued at $57,004,000 after buying an additional 42,456 shares during the last quarter. Aberdeen Group plc increased its holdings in Procter & Gamble by 0.9% in the second quarter. Aberdeen Group plc now owns 2,839,680 shares of the company's stock valued at $449,763,000 after buying an additional 26,441 shares during the last quarter. Finally, Agate Pass Investment Management LLC increased its holdings in Procter & Gamble by 0.6% in the second quarter. Agate Pass Investment Management LLC now owns 17,880 shares of the company's stock valued at $2,849,000 after buying an additional 115 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.6%

Shares of Procter & Gamble stock opened at $149.69 on Friday. Procter & Gamble Company has a 1-year low of $149.45 and a 1-year high of $180.43. The company has a market capitalization of $350.34 billion, a P/E ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. The business's fifty day moving average price is $155.24 and its two-hundred day moving average price is $159.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued 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. The business 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 company's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PG. Weiss Ratings reiterated a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday. Barclays lowered their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 1st. Bank of America lowered their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday. Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research report on Wednesday, September 17th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $172.21.

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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