Parcion Private Wealth LLC Raises Holdings in Procter & Gamble Company (The) $PG

Key Points

• Parcion Private Wealth LLC increased its stake in Procter & Gamble by 3.3% in Q2, now holding 54,483 shares valued at $8.68 million.
• The company reported a Q1 earnings per share (EPS) of $1.48, exceeding estimates of $1.42, with quarterly revenue of $20.89 billion.
• Procter & Gamble announced a quarterly dividend of $1.0568, set to be paid on November 17th, representing an annualized yield of 2.8%.

Parcion Private Wealth LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,483 shares of the company's stock after buying an additional 1,726 shares during the quarter. Parcion Private Wealth LLC's holdings in Procter & Gamble were worth $8,680,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC raised its holdings in Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock worth $11,832,680,000 after purchasing an additional 76,017,350 shares during the period. Nuveen LLC acquired a new position in shares of Procter & Gamble during the first quarter valued at approximately $1,954,941,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after acquiring an additional 2,466,308 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company's stock valued at $280,946,000 after acquiring an additional 1,674,139 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.2%

PG opened at $151.61 on Wednesday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The business has a fifty day simple moving average of $154.79 and a 200-day simple moving average of $158.54. The firm has a market cap of $354.84 billion, a P/E ratio of 23.29, a P/E/G ratio of 4.03 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

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 analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble's revenue was up 1.7% compared to the same quarter last year. During the same period last 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, 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 declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Insider Buying and Selling

In other news, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shailesh Jejurikar sold 3,986 shares of the firm's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock valued at $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. UBS Group cut their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. Finally, BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.68.

About Procter & Gamble

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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