Mather Group LLC. Acquires 5,699 Shares of Procter & Gamble Company (The) $PG

Key Points

• Mather Group LLC has increased its stake in Procter & Gamble by 2.1%, owning a total of 276,415 shares valued at approximately $44 million after acquiring 5,699 additional shares.
• Procter & Gamble reported Q2 earnings of $1.48 per share, exceeding estimates, and achieved a revenue of $20.89 billion, marking a 1.7% year-over-year increase.
• Insiders at Procter & Gamble sold a total of 120,181 shares over the last 90 days, which corresponds to significant declines in their ownership positions.

Mather Group LLC. lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,415 shares of the company's stock after buying an additional 5,699 shares during the period. Mather Group LLC.'s holdings in Procter & Gamble were worth $44,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in shares of Procter & Gamble during the 1st quarter worth $26,000. Capital A Wealth Management LLC bought a new stake in Procter & Gamble during the fourth quarter worth about $31,000. Quarry LP acquired a new stake in Procter & Gamble during the first quarter worth about $33,000. Mizuho Securities Co. Ltd. increased its holdings 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 period. Finally, Quest 10 Wealth Builders Inc. raised its position in shares of Procter & Gamble by 50.3% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after buying an additional 82 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Jennifer L. Davis sold 8,596 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 value of $1,351,892.92. Following the transaction, the chief executive officer directly owned 64,991 shares of the company's stock, valued at approximately $10,221,134.57. The trade was a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar G. Raman sold 9,554 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. 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 90 days. Company insiders own 0.20% of the company's stock.

Procter & Gamble Trading Down 0.3%

NYSE:PG opened at $152.57 on Wednesday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm's fifty day moving average is $156.14 and its 200-day moving average is $160.97. The firm has a market cap of $357.08 billion, a P/E ratio of 23.44, a P/E/G ratio of 4.04 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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. 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 analyst estimates of $20.79 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts expect 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 paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Wells Fargo & Company decreased their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Berenberg Bank increased their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $173.94.

Procter & Gamble Company 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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