Harvest Portfolios Group Inc. Increases Holdings in Procter & Gamble Company (The) $PG

Key Points

• Harvest Portfolios Group Inc. increased its stake in Procter & Gamble by 3.4% in Q1, owning 115,879 shares valued at approximately $19.75 million.
• CEO Jennifer L. Davis sold 8,596 shares at an average price of $157.27, reducing her stake by 11.68% as company insiders sold a total of 119,181 shares worth $18.76 million recently.
• Procter & Gamble reported a Q1 EPS of $1.48, exceeding estimates, with a quarterly revenue of $20.89 billion, reflecting a 1.7% increase compared to the previous year.

Harvest Portfolios Group Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,879 shares of the company's stock after acquiring an additional 3,839 shares during the quarter. Harvest Portfolios Group Inc.'s holdings in Procter & Gamble were worth $19,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Navigoe LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $31,000. 10Elms LLP purchased a new stake in Procter & Gamble in the 4th quarter valued at about $34,000. Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. increased its stake in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of PG traded up $1.48 during midday trading on Friday, hitting $157.13. 5,317,408 shares of the company traded hands, compared to its average volume of 8,058,649. The stock has a 50-day moving average of $156.59 and a 200-day moving average of $162.63. 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 one year low of $149.91 and a one year high of $180.43. The firm has a market cap of $368.07 billion, a P/E ratio of 24.14, a PEG ratio of 4.14 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the business'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 transaction of $1,431,157.00. Following the completion of the transaction, the chief executive officer directly owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This represents a 25.00% 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 worth $18,918,012 in the last ninety days. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on PG. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a report on Thursday, May 1st. Finally, Redburn Partners set a $161.00 price objective on Procter & Gamble in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

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.