Logan Capital Management Inc. Decreases Position in Procter & Gamble Company (The) $PG

Key Points

• Logan Capital Management Inc. has reduced its position in Procter & Gamble by 6.5%, now owning 106,610 shares valued at approximately $18.17 million.
• A number of analysts have recently adjusted their price targets for Procter & Gamble, with a consensus average target of $175.12 indicating a Moderate Buy rating.
• Insiders have sold a total of 120,181 shares of Procter & Gamble stock in the last three months, which has raised concerns over insider ownership, now at only 0.18% of the company.

Logan Capital Management Inc. cut its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 106,610 shares of the company's stock after selling 7,371 shares during the period. Procter & Gamble makes up about 0.8% of Logan Capital Management Inc.'s investment portfolio, making the stock its 29th largest holding. Logan Capital Management Inc.'s holdings in Procter & Gamble were worth $18,168,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Unique Wealth LLC raised its holdings in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the last quarter. Stableford Capital II LLC raised its holdings in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. raised its holdings in Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC grew its stake in shares of Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PG shares. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $175.12.

Insider Activity at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the business'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 completion of the sale, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. The trade was a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company'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 owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last three months. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $159.12 on Tuesday. The firm has a 50 day moving average of $156.41 and a 200 day moving average of $162.14. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $372.42 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 4.22 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

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, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during 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%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is 64.82%.

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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