Koa Wealth Management LLC Takes $769,000 Position in Procter & Gamble Company (The) $PG

Key Points

• Koa Wealth Management LLC acquired a new stake in Procter & Gamble, purchasing 4,824 shares valued at approximately $769,000 in the second quarter.
• CEO Jon R. Moeller sold 40,119 shares of the company at an average price of $157.27, resulting in a decrease of 11.16% in his position.
• The most recent earnings report revealed Procter & Gamble beat consensus estimates with an EPS of $1.48 and a revenue of $20.89 billion, while also announcing a dividend of $1.0568 per share.

Koa Wealth Management LLC bought a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,824 shares of the company's stock, valued at approximately $769,000.

A number of other hedge funds have also made changes to their positions in the business. Stratos Wealth Advisors LLC increased its stake in Procter & Gamble by 2.4% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 71,905 shares of the company's stock worth $11,456,000 after buying an additional 1,690 shares during the period. Stratos Investment Management LLC boosted its holdings in shares of Procter & Gamble by 3.1% in the 2nd quarter. Stratos Investment Management LLC now owns 43,100 shares of the company's stock valued at $6,867,000 after buying an additional 1,291 shares during the period. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Procter & Gamble by 2.2% in the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 31,152 shares of the company's stock valued at $4,963,000 after buying an additional 657 shares during the period. Harbor Asset Planning Inc. acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $136,000. Finally, Werba Rubin Papier Wealth Management acquired a new position in Procter & Gamble during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value 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. This represents a 11.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,763 shares of company stock worth $23,421,279. Insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Evercore ISI restated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. BNP Paribas restated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Finally, Bank of America cut their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.21.

Procter & Gamble Price Performance

NYSE:PG opened at $149.50 on Friday. The stock has a market cap of $349.90 billion, a P/E ratio of 22.96, a PEG ratio of 3.91 and a beta of 0.36. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company has a fifty day moving average price of $154.96 and a 200 day moving average price of $158.97. 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 (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble's dividend payout ratio is presently 64.98%.

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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