Meridian Wealth Advisors LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 82.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,148 shares of the company's stock after selling 24,169 shares during the period. Meridian Wealth Advisors LLC's holdings in Procter & Gamble were worth $877,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Sargent Investment Group LLC grew its holdings in Procter & Gamble by 1.5% during the first quarter. Sargent Investment Group LLC now owns 13,035 shares of the company's stock valued at $2,221,000 after purchasing an additional 195 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Procter & Gamble by 8.5% in the first quarter. Lindbrook Capital LLC now owns 17,072 shares of the company's stock worth $2,909,000 after acquiring an additional 1,339 shares during the last quarter. Coastwise Capital Group LLC grew its stake in shares of Procter & Gamble by 1.4% in the first quarter. Coastwise Capital Group LLC now owns 5,343 shares of the company's stock worth $910,000 after acquiring an additional 72 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Procter & Gamble by 2.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 272,132 shares of the company's stock worth $46,377,000 after acquiring an additional 7,502 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Procter & Gamble by 42.9% in the first quarter. J.W. Cole Advisors Inc. now owns 93,085 shares of the company's stock worth $15,864,000 after acquiring an additional 27,963 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock traded up $0.01 during trading on Wednesday, reaching $158.33. The company's stock had a trading volume of 1,904,421 shares, compared to its average volume of 7,636,130. The stock has a 50-day moving average price of $161.31 and a two-hundred day moving average price of $164.41. The company has a current ratio of 0.71, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Procter & Gamble Company has a one year low of $151.90 and a one year high of $180.43. The stock has a market capitalization of $371.22 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 4.41 and a beta of 0.40.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion during the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a return on equity of 32.67% and a net margin of 18.46%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. As a group, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.
Procter & Gamble Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.67%. Procter & Gamble's dividend payout ratio is currently 67.14%.
Insider Activity
In other news, insider Moses Victor Javier Aguilar sold 10,520 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the completion of the transaction, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. The trade was a 29.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 1,000 shares of the business's stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the transaction, the chief executive officer owned 51,965 shares of the company's stock, valued at $8,386,111.70. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on PG shares. Truist Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Redburn Atlantic cut Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a research report on Thursday, May 1st. Redburn Partners set a $161.00 target price on Procter & Gamble in a research report on Thursday, May 1st. UBS Group reduced their target price on Procter & Gamble from $186.00 to $180.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Finally, Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average target price of $176.84.
Get Our Latest Stock Report on PG
Procter & Gamble Company Profile
(
Free Report)
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.
Further Reading
Before you consider Procter & Gamble, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Procter & Gamble wasn't on the list.
While Procter & Gamble currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
MarketBeat All Access