Park Avenue Securities LLC cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,318 shares of the company's stock after selling 2,456 shares during the period. Park Avenue Securities LLC's holdings in Procter & Gamble were worth $13,911,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble during the first quarter worth approximately $26,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble in the fourth quarter worth about $31,000. Quarry LP bought a new position in shares of Procter & Gamble in the first quarter worth approximately $33,000. Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at $34,000. Finally, Mizuho Securities Co. Ltd. increased its stake in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. Institutional investors own 65.77% of the company's stock.
Procter & Gamble Price Performance
NYSE PG traded down $1.17 during trading on Friday, hitting $156.15. 17,159,888 shares of the stock traded hands, compared to its average volume of 6,374,748. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm has a 50-day simple moving average of $156.16 and a 200-day simple moving average of $161.19. The company has a market capitalization of $365.47 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.
Procter & Gamble (NYSE:PG - Get Free Report) last released 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 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 analysts' expectations of $20.79 billion. During the same quarter in the prior year, the firm posted $1.40 EPS. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's payout ratio is 64.98%.
Insider Activity at Procter & Gamble
In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. This trade represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble 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 $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last three months. Insiders own 0.20% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. 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 research note on Wednesday, July 30th. Finally, Berenberg Bank increased their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $173.94.
Check Out Our Latest Stock Report on Procter & Gamble
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.
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