Procter & Gamble Company (The) $PG Shares Bought by Cove Private Wealth LLC

Key Points

• Cove Private Wealth LLC increased its stake in Procter & Gamble by 112.6% in Q2, owning 9,162 shares valued at approximately $1.46 million.
• Procter & Gamble reported $20.89 billion in revenue for the last quarter, exceeding analyst expectations, and has a current ratio of 0.70 and a debt-to-equity ratio of 0.49.
• The company declared a quarterly dividend of $1.0568 per share, yielding about 2.8% annually, with a payout ratio of 64.82%.

Cove Private Wealth LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 112.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,162 shares of the company's stock after acquiring an additional 4,852 shares during the quarter. Cove Private Wealth LLC's holdings in Procter & Gamble were worth $1,460,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Unique Wealth LLC lifted its holdings in Procter & Gamble by 2.9% in the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after acquiring an additional 61 shares during the period. Stableford Capital II LLC increased its position in shares of Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after buying an additional 61 shares in the last quarter. Bernard Wealth Management Corp. increased its position in shares of Procter & Gamble by 20.2% in the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after buying an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after buying an additional 63 shares in the last quarter. Finally, Private Management Group Inc. increased its position in shares of Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock valued at $236,000 after buying an additional 64 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.2%

Shares of PG opened at $152.44 on Friday. 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 one year low of $149.91 and a one year high of $180.43. The stock has a market capitalization of $356.78 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 4.01 and a beta of 0.36. The stock has a 50 day moving average price of $156.00 and a 200 day moving average price of $160.60.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the business earned $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast 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. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.82%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PG. Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and an average price target of $173.78.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction on Thursday, August 21st. The stock was 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 directly owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% 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 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 $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last quarter. Corporate insiders own 0.20% of the company's stock.

About Procter & Gamble

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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