NewEdge Advisors LLC Boosts Stake in Procter & Gamble Company (The) $PG

Key Points

• NewEdge Advisors LLC increased its stake in Procter & Gamble by 4.3%, acquiring an additional 11,693 shares to now hold 282,736 shares valued at approximately $48.18 million.
• Procter & Gamble's quarterly earnings showed an EPS of $1.48, surpassing analysts' expectations, with revenue of $20.89 billion reflecting a 1.7% year-over-year increase.
• Insider transactions included CEO Jon R. Moeller selling 40,119 shares valued at over $6.3 million, representing an 11.16% decrease in his ownership of the stock.

NewEdge Advisors LLC increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,736 shares of the company's stock after purchasing an additional 11,693 shares during the period. NewEdge Advisors LLC's holdings in Procter & Gamble were worth $48,184,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PG. Brighton Jones LLC raised its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Triumph Capital Management raised its holdings in Procter & Gamble by 102.7% in the 4th quarter. Triumph Capital Management now owns 9,400 shares of the company's stock valued at $1,576,000 after acquiring an additional 4,763 shares during the last quarter. Algert Global LLC raised its holdings in Procter & Gamble by 5.4% in the 4th quarter. Algert Global LLC now owns 5,010 shares of the company's stock valued at $840,000 after acquiring an additional 255 shares during the last quarter. Finally, Concentric Capital Strategies LP acquired a new position in Procter & Gamble in the 4th quarter valued at $359,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.6%

Procter & Gamble stock traded up $0.89 during trading on Friday, reaching $160.08. 6,435,480 shares of the company's stock were exchanged, compared to its average volume of 6,145,017. The company's 50-day moving average is $156.41 and its two-hundred day moving average is $162.21. 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 Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market cap of $374.65 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 4.22 and a beta of 0.36.

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 for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm's revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI reissued an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas reissued an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and an average price target of $175.12.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 8,596 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,351,892.92. Following the completion of the transaction, the chief executive officer directly owned 64,991 shares of the company's stock, valued at $10,221,134.57. This represents a 11.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were 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 directly 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 120,181 shares of company stock worth $18,918,012 in the last quarter. 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.