Focus Financial Network Inc. Has $3.16 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Focus Financial Network Inc. reduced its stake in Procter & Gamble by 16.5% during the second quarter, holding 19,842 shares valued at approximately $3.16 million.
• The company reported earnings of $1.48 per share, exceeding analysts' expectations by $0.06, with quarterly revenue reaching $20.89 billion, a 1.7% increase from the previous year.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.7% and a dividend payout ratio of 64.98%.

Focus Financial Network Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 16.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,842 shares of the company's stock after selling 3,914 shares during the quarter. Focus Financial Network Inc.'s holdings in Procter & Gamble were worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of PG. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Procter & Gamble by 100.5% in the fourth quarter. Two Sigma Advisers LP now owns 110,300 shares of the company's stock worth $18,492,000 after acquiring an additional 55,300 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Procter & Gamble by 2.4% in the fourth quarter. Two Sigma Investments LP now owns 18,133 shares of the company's stock worth $3,040,000 after acquiring an additional 433 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its stake in shares of Procter & Gamble by 671.8% in the fourth quarter. Voloridge Investment Management LLC now owns 209,000 shares of the company's stock worth $35,039,000 after acquiring an additional 181,921 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Down 1.9%

PG stock opened at $157.32 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick 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 50-day moving average of $156.17 and a two-hundred day moving average of $161.49. The stock has a market capitalization of $368.21 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 4.23 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the company earned $1.40 earnings per share. The business'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 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their position. 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. 0.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PG. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Berenberg Bank upped their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $173.94.

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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