Guggenheim Capital LLC Sells 18,319 Shares of Procter & Gamble Company (The) $PG

Key Points

• Guggenheim Capital LLC reduced its stake in Procter & Gamble by 10%, selling 18,319 shares and owning 165,205 shares worth approximately $28.15 million.
• Procter & Gamble recently reported quarterly earnings of $1.48 per share, beating estimates and showing a 1.7% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $1.0568 per share, representing an annualized yield of 2.7% with a payout ratio of 64.82%.

Guggenheim Capital LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,205 shares of the company's stock after selling 18,319 shares during the quarter. Guggenheim Capital LLC's holdings in Procter & Gamble were worth $28,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. CreativeOne Wealth LLC lifted its holdings in shares of Procter & Gamble by 20.2% in the first quarter. CreativeOne Wealth LLC now owns 47,096 shares of the company's stock worth $8,026,000 after buying an additional 7,909 shares in the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 33.3% in the first quarter. Warwick Investment Management Inc. now owns 2,962 shares of the company's stock worth $505,000 after buying an additional 740 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in shares of Procter & Gamble by 106.2% in the first quarter. Redwood Investment Management LLC now owns 9,541 shares of the company's stock worth $1,626,000 after buying an additional 4,915 shares in the last quarter. Samalin Investment Counsel LLC lifted its holdings in shares of Procter & Gamble by 1.7% in the first quarter. Samalin Investment Counsel LLC now owns 9,407 shares of the company's stock worth $1,603,000 after buying an additional 160 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in shares of Procter & Gamble in the first quarter worth $5,511,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.1%

PG stock opened at $155.97 on Wednesday. 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 twelve month low of $149.91 and a twelve month high of $180.43. The stock has a market capitalization of $365.34 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 4.12 and a beta of 0.37. The firm's fifty day simple moving average is $156.65 and its two-hundred day simple moving average is $162.76.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share 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 business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business'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. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given 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 yield of 2.7%. Procter & Gamble's payout ratio is 64.82%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PG shares. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. BNP Paribas restated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Piper Sandler boosted their price target on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Finally, Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $175.94.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the sale, the chief operating officer directly owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jon R. Moeller sold 40,119 shares of the company'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 $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 119,181 shares of company stock valued at $18,761,172. Insiders own 0.18% of the company's stock.

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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