Exeter Financial LLC Reduces Position in Procter & Gamble Company (The) $PG

Key Points

• Exeter Financial LLC reduced its holdings in Procter & Gamble by 22%, owning 13,468 shares worth approximately $2.15 million after selling 3,802 shares in the second quarter.
• Insider Marc S. Pritchard and CEO Jon R. Moeller both sold significant portions of their shares, with Pritchard selling 9,849 shares and Moeller selling 40,119 shares, indicating a decrease in their ownership stakes.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, representing an annual yield of 2.8%, and discussed its earnings which topped estimates with a reported EPS of $1.48.

Exeter Financial LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,468 shares of the company's stock after selling 3,802 shares during the period. Exeter Financial LLC's holdings in Procter & Gamble were worth $2,146,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Jeppson Wealth Management LLC boosted its position in shares of Procter & Gamble by 1.1% during the second quarter. Jeppson Wealth Management LLC now owns 14,625 shares of the company's stock valued at $2,330,000 after buying an additional 155 shares during the last quarter. LeConte Wealth Management LLC boosted its position in shares of Procter & Gamble by 57.7% during the second quarter. LeConte Wealth Management LLC now owns 2,221 shares of the company's stock valued at $354,000 after buying an additional 813 shares during the last quarter. Avaii Wealth Management LLC boosted its position in shares of Procter & Gamble by 9.7% during the second quarter. Avaii Wealth Management LLC now owns 2,121 shares of the company's stock valued at $338,000 after buying an additional 188 shares during the last quarter. McAdam LLC boosted its position in Procter & Gamble by 15.0% in the second quarter. McAdam LLC now owns 8,033 shares of the company's stock worth $1,280,000 after purchasing an additional 1,050 shares during the last quarter. Finally, BostonPremier Wealth LLC purchased a new position in Procter & Gamble in the second quarter worth about $231,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 of the company's stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last ninety days. 0.20% of the stock is owned by company insiders.

Procter & Gamble Stock Down 0.1%

NYSE PG opened at $152.35 on Thursday. The stock's 50-day moving average price is $156.12 and its 200-day moving average price is $160.91. 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 Company has a 52 week low of $149.91 and a 52 week high of $180.43. The company has a market capitalization of $356.58 billion, a P/E ratio of 23.40, 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 quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping 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 firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter last year, the company earned $1.40 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's payout ratio is currently 64.98%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PG shares. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. 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. 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. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.94.

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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