Procter & Gamble Company (The) $PG Shares Acquired by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. increased its holdings in Procter & Gamble by 3.3% during Q2, owning a total of 891,326 shares valued at $142 million, making it the firm's 7th biggest holding.
• Procter & Gamble's stock has a current consensus rating of Moderate Buy with an average price target of $173.94, as analysts from various firms have set differing price objectives ranging from $154 to $180.
• Institutional investors own 65.77% of Procter & Gamble, with several hedge funds acquiring stakes recently and notable insider sales reported from CEO Ma. Fatima Francisco and other insiders.

Ferguson Wellman Capital Management Inc. lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 891,326 shares of the company's stock after buying an additional 28,661 shares during the quarter. Procter & Gamble comprises 2.5% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 7th biggest position. Ferguson Wellman Capital Management Inc.'s holdings in Procter & Gamble were worth $142,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Auxano Advisors LLC raised its stake in Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock valued at $1,165,000 after purchasing an additional 714 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Procter & Gamble by 6.4% in the second quarter. Exchange Traded Concepts LLC now owns 101,670 shares of the company's stock valued at $16,198,000 after purchasing an additional 6,145 shares in the last quarter. Marshall Financial Group LLC raised its stake in Procter & Gamble by 16.9% in the second quarter. Marshall Financial Group LLC now owns 23,976 shares of the company's stock valued at $3,848,000 after purchasing an additional 3,469 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Procter & Gamble by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,593,343 shares of the company's stock valued at $256,257,000 after purchasing an additional 45,557 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its stake in Procter & Gamble by 39.9% in the second quarter. Atticus Wealth Management LLC now owns 6,893 shares of the company's stock valued at $1,098,000 after purchasing an additional 1,966 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on PG shares. Wells Fargo & Company dropped their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Berenberg Bank boosted their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.94.

Procter & Gamble Price Performance

NYSE PG traded down $2.88 during trading on Monday, hitting $153.16. 8,709,573 shares of the company's stock were exchanged, compared to its average volume of 6,374,748. The stock's 50 day moving average price is $156.15 and its two-hundred day moving average price is $161.03. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $358.48 billion, a PE ratio of 23.53, a P/E/G ratio of 4.12 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the firm posted $1.40 earnings per share. The firm's 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 expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Andre Schulten sold 11,638 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 $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 182,422 shares of the company's stock, valued at $28,689,507.94. This represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock valued at $18,918,012 over the last three months. Insiders own 0.20% of the company's stock.

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.