Procter & Gamble Company (The) $PG Shares Acquired by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. increased its stake in Procter & Gamble by 30.2%, owning a total of 23,040 shares valued at approximately $3.93 million.
• Procter & Gamble's CEO, Jon R. Moeller, sold 40,119 shares for over $6.3 million, resulting in an 11.16% decrease in his holdings.
• Procter & Gamble reported a strong earnings performance, with $1.48 EPS for the quarter, beating estimates, and revealed a quarterly dividend of $1.0568 per share.

United Asset Strategies Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,040 shares of the company's stock after purchasing an additional 5,341 shares during the quarter. United Asset Strategies Inc.'s holdings in Procter & Gamble were worth $3,926,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in Procter & Gamble by 13.0% during 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 buying an additional 2,466,308 shares during the period. Candriam S.C.A. increased its stake in shares of Procter & Gamble by 4.4% in the 1st quarter. Candriam S.C.A. now owns 1,312,540 shares of the company's stock valued at $223,683,000 after purchasing an additional 54,871 shares in the last quarter. Sandhill Capital Partners LLC raised its holdings in Procter & Gamble by 0.9% in the 1st quarter. Sandhill Capital Partners LLC now owns 39,708 shares of the company's stock worth $6,767,000 after purchasing an additional 341 shares during the period. TFB Advisors LLC boosted its position in Procter & Gamble by 0.6% during the first quarter. TFB Advisors LLC now owns 19,678 shares of the company's stock worth $3,354,000 after purchasing an additional 110 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in Procter & Gamble by 1.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 56,203 shares of the company's stock valued at $9,578,000 after purchasing an additional 611 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the sale, the chief executive officer directly owned 319,375 shares in the company, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the transaction, the chief executive officer owned 27,295 shares in the company, valued at approximately $4,292,684.65. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,837 shares of company stock valued at $14,285,935. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PG. Piper Sandler upped their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley set a $180.00 price target on shares of Procter & Gamble and gave the stock an "overweight" rating in a report on Friday, April 25th. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Citigroup decreased their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, BNP Paribas reissued an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $175.94.

Procter & Gamble Trading Up 0.6%

Shares of PG stock opened at $159.4180 on Thursday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock's fifty day moving average is $156.91 and its two-hundred day moving average is $163.11. The firm has a market capitalization of $373.42 billion, a P/E ratio of 24.49, a PEG ratio of 4.18 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is currently 64.82%.

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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