Core Wealth Advisors Inc. bought a new position in Procter & Gamble Company (The) (NYSE:PG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,668 shares of the company's stock, valued at approximately $284,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital A Wealth Management LLC acquired a new position in Procter & Gamble in the 4th quarter worth approximately $31,000. Quarry LP acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $33,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on PG shares. Wells Fargo & Company decreased their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.12.
Read Our Latest Stock Report on Procter & Gamble
Insiders Place Their Bets
In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at $4,292,684.65. This represents a 25.00% 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 valued at $18,918,012. Insiders own 0.18% of the company's stock.
Procter & Gamble Price Performance
PG traded up $0.03 during trading on Wednesday, reaching $158.02. 6,509,285 shares of the stock were exchanged, compared to its average volume of 6,154,013. The business's 50 day moving average price is $156.40 and its two-hundred day moving average price is $162.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market capitalization of $370.13 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the business earned $1.40 earnings per share. Procter & Gamble'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. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.
About Procter & Gamble
(
Free Report)
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.
Featured Articles
Before you consider Procter & Gamble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Procter & Gamble wasn't on the list.
While Procter & Gamble currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
