Elevate Capital Advisors LLC Buys 4,740 Shares of Procter & Gamble Company (The) $PG

Key Points

• Elevate Capital Advisors LLC increased its stake in Procter & Gamble by 39.2% in the second quarter, acquiring an additional 4,740 shares, bringing its total holdings to 16,830 shares valued at approximately $2.68 million.
• CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock for about $1.43 million, reducing her ownership by 25% to 27,295 shares.
• Procter & Gamble's stock currently holds a consensus rating of "Moderate Buy" from analysts, with a price target averaging $173.11, while the company reported a quarterly earnings per share of $1.48, exceeding expectations.

Elevate Capital Advisors LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 39.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,830 shares of the company's stock after purchasing an additional 4,740 shares during the quarter. Procter & Gamble accounts for approximately 2.1% of Elevate Capital Advisors LLC's investment portfolio, making the stock its 14th largest holding. Elevate Capital Advisors LLC's holdings in Procter & Gamble were worth $2,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Yoder Wealth Management Inc. lifted its position in shares of Procter & Gamble by 9.3% during the second quarter. Yoder Wealth Management Inc. now owns 1,699 shares of the company's stock worth $271,000 after purchasing an additional 144 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Procter & Gamble by 1.4% during the second quarter. ZWJ Investment Counsel Inc. now owns 143,524 shares of the company's stock worth $22,866,000 after purchasing an additional 1,930 shares during the last quarter. Corundum Group Inc. lifted its position in shares of Procter & Gamble by 4.0% during the second quarter. Corundum Group Inc. now owns 5,731 shares of the company's stock worth $913,000 after purchasing an additional 220 shares during the last quarter. Fortis Capital Advisors LLC lifted its position in shares of Procter & Gamble by 14.2% during the second quarter. Fortis Capital Advisors LLC now owns 1,852 shares of the company's stock worth $295,000 after purchasing an additional 230 shares during the last quarter. Finally, Precedent Wealth Partners LLC lifted its position in shares of Procter & Gamble by 31.5% during the second quarter. Precedent Wealth Partners LLC now owns 1,702 shares of the company's stock worth $271,000 after purchasing an additional 408 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares in the company, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Street Whaley sold 1,000 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider owned 28,436 shares in the company, valued at $4,459,902.24. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,181 shares of company stock valued at $18,918,012. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PG shares. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Evercore ISI restated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Finally, BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average price target of $173.11.

Procter & Gamble Price Performance

PG opened at $152.19 on Friday. The business's 50-day moving average is $155.51 and its two-hundred day moving average is $160.00. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. 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 firm has a market capitalization of $356.20 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The firm'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. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid 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 2.8%. Procter & Gamble's payout ratio is presently 64.98%.

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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