Procter & Gamble Company (The) $PG Shares Acquired by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC increased its stake in Procter & Gamble by 15.1% in Q1, owning 64,626 shares valued at approximately $11 million.
• Procter & Gamble recently reported a quarterly EPS of $1.48, exceeding analysts' expectations, with revenue of $20.89 billion, a 1.7% increase from the previous year.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.7%, with a payout ratio of 64.82%.

Modern Wealth Management LLC boosted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,626 shares of the company's stock after purchasing an additional 8,480 shares during the period. Modern Wealth Management LLC's holdings in Procter & Gamble were worth $11,014,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Unique Wealth LLC boosted its stake in Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after buying an additional 61 shares in the last quarter. Stableford Capital II LLC boosted its position in shares of Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. grew its stake in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its holdings in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after purchasing an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC lifted its stake in Procter & Gamble by 1.1% during the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of PG stock opened at $158.63 on Friday. The company has a market capitalization of $371.27 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 4.15 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock's fifty day simple moving average is $156.26 and its 200-day simple moving average is $162.00.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping 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%.The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend 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 presently 64.82%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider 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. In the last quarter, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on PG shares. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. 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 research note on Friday, July 25th. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.12.

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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