Drake & Associates LLC Invests $417,000 in Procter & Gamble Company (The) $PG

Key Points

• Drake & Associates LLC invested $417,000 in Procter & Gamble by acquiring 2,615 shares during the 2nd quarter.
• Procter & Gamble's stock has experienced a bearish trend, recently trading down by 1.2%, with a current market price of $150.47.
• Analysts have mixed ratings on Procter & Gamble, with eleven giving a Buy rating and a consensus price target set at $173.11.

Drake & Associates LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,615 shares of the company's stock, valued at approximately $417,000.

Several other large investors also recently made changes to their positions in PG. Stableford Capital II LLC grew its stake in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. grew its position in Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after buying an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after buying an additional 63 shares during the period. Private Management Group Inc. raised its position in shares of Procter & Gamble by 4.8% during the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock worth $236,000 after buying an additional 64 shares in the last quarter. Finally, Lantz Financial LLC lifted its stake in shares of Procter & Gamble by 1.2% in the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock worth $834,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Evercore ISI reissued an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Barclays decreased their target price on 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. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, BNP Paribas Exane cut their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $173.11.

Procter & Gamble Trading Down 1.2%

NYSE:PG opened at $150.47 on Tuesday. The stock has a fifty day simple moving average of $155.38 and a 200 day simple moving average of $159.84. The firm has a market capitalization of $352.17 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 4.02 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. 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 earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during 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 revenue for the quarter was up 1.7% on a year-over-year basis. During the same period last year, the company posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Insider Activity

In related news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by corporate insiders.

About Procter & Gamble

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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