Procter & Gamble Company (The) $PG Shares Bought by MOKAN Wealth Management Inc.

Key Points

• MOKAN Wealth Management Inc. increased its stake in Procter & Gamble by 13.7%, holding 15,319 shares valued at approximately $2.44 million as of the end of the latest quarter.
• Procter & Gamble's stock has experienced price target reductions from analysts, with BNP Paribas Exane and JPMorgan Chase lowering their targets to $172.00 and $163.00, respectively, maintaining varying outlook ratings.
• The company reported $20.89 billion in revenue for its last quarter, exceeding analysts' expectations and indicating a 1.7% year-over-year revenue increase.

MOKAN Wealth Management Inc. raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,319 shares of the company's stock after buying an additional 1,846 shares during the period. Procter & Gamble comprises about 1.4% of MOKAN Wealth Management Inc.'s holdings, making the stock its 22nd largest position. MOKAN Wealth Management Inc.'s holdings in Procter & Gamble were worth $2,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its position in shares of Procter & Gamble by 655,209.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock worth $11,832,680,000 after purchasing an additional 76,017,350 shares in the last quarter. Northern Trust Corp increased its position in shares of 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 purchasing an additional 248,792 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $3,660,737,000 after purchasing an additional 2,466,308 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $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 increased its position 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 worth $2,947,146,000 after purchasing an additional 1,018,865 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PG shares. BNP Paribas Exane cut their target price on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a report on Friday. Bank of America lowered their price target on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Finally, Barclays lowered their price target on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $172.21.

Procter & Gamble Price Performance

Shares of PG opened at $149.69 on Monday. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43. The stock's 50 day moving average is $155.24 and its two-hundred day moving average is $159.41. The firm has a market capitalization of $350.34 billion, a PE ratio of 22.99, a P/E/G ratio of 3.97 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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 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 for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 490 shares of the business'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 $74,592.70. Following the sale, the insider owned 12,616 shares of the company's stock, valued at $1,920,533.68. The trade was a 3.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 11,684 shares of the business'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 value of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,763 shares of company stock worth $23,421,279. 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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