Patriot Financial Group Insurance Agency LLC Decreases Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Patriot Financial Group Insurance Agency LLC cut its Procter & Gamble position by 57.6% in the second quarter, selling 10,488 shares and retaining 7,706 shares valued at approximately $1.13 million.
• Procter & Gamble reported quarterly EPS of $1.43, beating estimates by $0.02, while revenue rose 1.5% year over year to $21.2 billion but fell short of analyst expectations.
• The company maintains a quarterly dividend of $1.0885, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts have a consensus “Moderate Buy” rating and an average price target of $161.52.

Patriot Financial Group Insurance Agency LLC lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 57.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,706 shares of the company's stock after selling 10,488 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Procter & Gamble were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PG. Cibc World Market Inc. grew its holdings in shares of Procter & Gamble by 40.6% during the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock worth $73,351,000 after buying an additional 147,701 shares in the last quarter. World Investment Advisors boosted its holdings in Procter & Gamble by 15.9% in the 4th quarter. World Investment Advisors now owns 105,915 shares of the company's stock valued at $15,179,000 after purchasing an additional 14,492 shares during the last quarter. Resources Management Corp CT ADV increased its stake in Procter & Gamble by 41.8% during the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Indivisible Partners purchased a new position in shares of Procter & Gamble during the 4th quarter worth $2,120,000. Finally, Rokos Capital Management LLP purchased a new position in Procter & Gamble during the first quarter worth about $29,914,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $143.03 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $332.46 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The business's 50-day moving average price is $148.13 and its 200 day moving average price is $148.85. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's dividend payout ratio is currently 65.71%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. UBS Group lifted their price target on Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, April 27th. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. HSBC reiterated a "hold" rating and issued a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Bank of America reduced their price objective on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.52.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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