Means Investment CO. Inc. Raises Position in Procter & Gamble Company (The) $PG

Key Points

• Means Investment CO. Inc. increased its stake in Procter & Gamble by 15.7%, owning 27,484 shares worth approximately $4.38 million at the end of the last quarter.
• The company reported Q1 earnings per share (EPS) of $1.48, surpassing analysts' expectations of $1.42, and its revenue increased by 1.7% year-over-year to $20.89 billion.
• Multiple analysts have mixed ratings on Procter & Gamble, with target prices ranging from $154.00 to $176.00 and an overall average rating of "Moderate Buy."

Means Investment CO. Inc. raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,484 shares of the company's stock after buying an additional 3,739 shares during the quarter. Means Investment CO. Inc.'s holdings in Procter & Gamble were worth $4,379,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC raised its stake in Procter & Gamble by 13.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 323,679 shares of the company's stock valued at $51,576,000 after buying an additional 37,576 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Procter & Gamble by 1.1% in the 2nd quarter. Sovereign Financial Group Inc. now owns 5,823 shares of the company's stock valued at $928,000 after purchasing an additional 65 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Procter & Gamble by 4.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 125,408 shares of the company's stock valued at $19,980,000 after purchasing an additional 5,406 shares during the last quarter. Cerro Pacific Wealth Advisors LLC raised its holdings in shares of Procter & Gamble by 4.0% in the second quarter. Cerro Pacific Wealth Advisors LLC now owns 12,538 shares of the company's stock worth $1,998,000 after buying an additional 477 shares during the last quarter. Finally, Investment Advisory Group LLC raised its holdings in shares of Procter & Gamble by 1.4% in the second quarter. Investment Advisory Group LLC now owns 20,811 shares of the company's stock worth $3,316,000 after buying an additional 285 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Trading Down 0.6%

Shares of NYSE:PG opened at $149.69 on Friday. Procter & Gamble Company has a 12-month low of $149.45 and a 12-month high of $180.43. The company has a market capitalization of $350.34 billion, a PE ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. The business has a 50 day moving average of $155.24 and a two-hundred day moving average of $159.48. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the company posted $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. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PG shares. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a report on Friday. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday. UBS Group decreased their target price on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Bank of America decreased their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $172.21.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,763 shares of company stock valued at $23,421,279. Insiders own 0.20% of the company's stock.

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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