Procter & Gamble Company (The) $PG is Bartlett & CO. Wealth Management LLC's 9th Largest Position

Key Points

• Bartlett & CO. Wealth Management LLC has reduced its stake in Procter & Gamble by 1.1% during Q2, owning 1,103,285 shares valued at approximately $175.78 million, making it the firm's 9th largest position.
• Procter & Gamble's recent earnings report indicated an EPS of $1.48, exceeding expectations, with revenue of $20.89 billion showing a 1.7% year-over-year increase.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annualized dividend of $4.23 and a yield of 2.8%.

Bartlett & CO. Wealth Management LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,103,285 shares of the company's stock after selling 11,950 shares during the period. Procter & Gamble makes up 2.5% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 9th biggest position. Bartlett & CO. Wealth Management LLC's holdings in Procter & Gamble were worth $175,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. Benjamin Edwards Inc. lifted its position in Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after acquiring an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC raised its stake in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after purchasing an additional 4,562 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Procter & Gamble by 26.4% during the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after buying an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC increased its holdings in Procter & Gamble by 8.7% in the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock worth $294,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $152.97 on Thursday. The stock has a 50-day simple moving average of $155.77 and a two-hundred day simple moving average of $160.29. 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 capitalization of $358.03 billion, a PE ratio of 23.50, a P/E/G ratio of 4.05 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data 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. 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 the consensus estimate of $20.79 billion. During the same period in the previous year, the company posted $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. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insider Activity at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the firm'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 $1,548,952.23. Following the sale, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% 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 worth $18,918,012 in the last 90 days. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PG. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. BNP Paribas Exane cut their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. 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, Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $173.11.

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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