HORAN Wealth LLC Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• HORAN Wealth reduced its Procter & Gamble stake by 47.3% in the second quarter, selling 89,170 shares and retaining 99,372 shares valued at approximately $14.6 million. Institutional investors collectively own 65.77% of PG.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $161.19, despite individual target changes ranging from $149 to $170.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates, while revenue rose 1.5% year over year to $21.2 billion. The company also paid a quarterly dividend of $1.0885, representing a 3.0% annualized yield.

HORAN Wealth LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 47.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,372 shares of the company's stock after selling 89,170 shares during the period. Procter & Gamble comprises 1.8% of HORAN Wealth LLC's holdings, making the stock its 12th largest position. HORAN Wealth LLC's holdings in Procter & Gamble were worth $14,572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PG. E Fund Management Hong Kong Co. Ltd. grew its stake in Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after acquiring an additional 150 shares during the period. Park Square Financial Group LLC raised its position in Procter & Gamble by 65.1% during the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after acquiring an additional 71 shares during the period. Evolution Wealth Management Inc. lifted its holdings in Procter & Gamble by 1,315.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after purchasing an additional 171 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 4th quarter worth about $26,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. Sanford C. Bernstein restated a "market perform" rating and issued a $149.00 target price on shares of Procter & Gamble in a research report on Monday, August 24th. Citigroup dropped their price target on Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Barclays increased their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.

Procter & Gamble Price Performance

NYSE:PG opened at $146.29 on Monday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $167.25. The stock has a market cap of $339.78 billion, a PE ratio of 22.10, a P/E/G ratio of 3.64 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The stock has a 50 day moving average price of $146.77 and a 200 day moving average price of $147.73.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble's dividend payout ratio is currently 65.71%.

Insider Buying and Selling

In other news, insider Susan Whaley sold 2,238 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total transaction of $321,802.02. Following the sale, the insider owned 26,989 shares of the company's stock, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. Insiders own 0.23% of the company's stock.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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