Procter & Gamble Company (The) $PG Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Procter & Gamble by 7.5%, acquiring an additional 73,441 shares during Q2, bringing its total holdings to over 1 million shares worth approximately $167 million.
• Procter & Gamble has experienced mixed analyst ratings, with a current consensus rating of "Moderate Buy" and an average price target of $173.68, following multiple adjustments by firms like BNP Paribas and JPMorgan Chase.
• The company recently declared a quarterly dividend of $1.0568, representing an annualized yield of 2.8%, with a payout ratio of 64.82%.

Janney Montgomery Scott LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,049,299 shares of the company's stock after buying an additional 73,441 shares during the period. Janney Montgomery Scott LLC's holdings in Procter & Gamble were worth $167,174,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. BNP Paribas Exane cut their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. BNP Paribas reiterated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Wells Fargo & Company lowered their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $173.68.

Insider Transactions at Procter & Gamble

In related news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares of the company's stock, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 over the last three months. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $153.42 on Tuesday. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a market cap of $359.08 billion, a PE ratio of 23.57, a P/E/G ratio of 4.02 and a beta of 0.36. 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 business has a 50-day simple moving average of $155.97 and a 200-day simple moving average of $160.39.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is 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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