Guardian Investment Management Sells 4,500 Shares of Procter & Gamble Company (The) $PG

Key Points

• Guardian Investment Management reduced its stake in Procter & Gamble by 30.2%, selling 4,500 shares and retaining a total of 10,410 shares, which now constitutes about 1.6% of their portfolio.
• Procter & Gamble recently reported $1.48 earnings per share (EPS) for the last quarter, exceeding estimates of $1.42, along with a revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.8% with a payout ratio of 64.98%.

Guardian Investment Management lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 30.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,410 shares of the company's stock after selling 4,500 shares during the quarter. Procter & Gamble makes up approximately 1.6% of Guardian Investment Management's portfolio, making the stock its 16th biggest holding. Guardian Investment Management's holdings in Procter & Gamble were worth $1,659,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PG. Kingstone Capital Partners Texas LLC raised its holdings in Procter & Gamble by 655,209.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock valued at $11,832,680,000 after acquiring an additional 76,017,350 shares during the period. Nuveen LLC bought a new stake in Procter & Gamble during the 1st quarter valued at $1,954,941,000. Price T Rowe Associates Inc. MD raised its holdings in Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after acquiring an additional 2,466,308 shares during the period. Invesco Ltd. raised its holdings in Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Procter & Gamble by 140.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,663,246 shares of the company's stock valued at $453,870,000 after acquiring an additional 1,555,504 shares during the period. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.2%

Procter & Gamble stock opened at $152.44 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The firm's fifty day moving average price is $156.00 and its 200-day moving average price is $160.55. The stock has a market cap of $356.78 billion, a P/E ratio of 23.42, a PEG ratio of 4.02 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $20.79 billion. During the same period in the previous year, the business 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. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

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 filing with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 9,849 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 transaction of $1,548,952.23. Following the sale, the insider 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 disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock valued at $18,918,012 in the last three months. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PG. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Berenberg Bank upped their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $173.68.

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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