Princeton Global Asset Management LLC Sells 6,735 Shares of Procter & Gamble Company (The) $PG

Key Points

• Princeton Global Asset Management LLC reduced its stake in Procter & Gamble by 24.3%, selling 6,735 shares and now holding 21,001 shares worth approximately $3.3 million.
• The company's quarterly earnings beat expectations, reporting $1.48 EPS and $20.89 billion in revenue, marking a 1.7% increase year-over-year.
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.8% with a payout ratio of about 65%.

Princeton Global Asset Management LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 24.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,001 shares of the company's stock after selling 6,735 shares during the quarter. Princeton Global Asset Management LLC's holdings in Procter & Gamble were worth $3,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PG. Kingstone Capital Partners Texas LLC boosted its position in shares of Procter & Gamble by 655,209.0% during 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 acquiring an additional 76,017,350 shares in the last quarter. Northern Trust Corp raised its stake in Procter & Gamble by 0.8% during the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after buying an additional 248,792 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Procter & Gamble by 13.0% in 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 purchasing an additional 2,466,308 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Procter & Gamble by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Procter & Gamble by 6.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,293,428 shares of the company's stock valued at $2,947,146,000 after buying an additional 1,018,865 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $151.53 on Monday. The company's 50 day moving average is $154.92 and its 200-day moving average is $158.67. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. 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 market cap of $354.66 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. The company'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. Sell-side 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 will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's payout ratio is 64.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PG shares. UBS Group cut their target price on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas reiterated an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.21.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 490 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $74,592.70. Following the sale, the insider owned 12,616 shares of the company's stock, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock worth $23,421,279 in the last ninety days. Insiders own 0.20% of the company's stock.

Procter & Gamble Company 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.

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