Centric Wealth Management Raises Position in Procter & Gamble Company (The) $PG

Key Points

• Centric Wealth Management increased its stake in Procter & Gamble by 172.5% in the first quarter, now holding 22,975 shares valued at approximately $3.9 million.
• Procter & Gamble's latest earnings report showed an EPS of $1.48, exceeding estimates, with revenue rising to $20.89 billion for the quarter.
• The company recently announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.7%.

Centric Wealth Management lifted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 172.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,975 shares of the company's stock after buying an additional 14,543 shares during the quarter. Procter & Gamble accounts for 1.0% of Centric Wealth Management's portfolio, making the stock its 21st biggest holding. Centric Wealth Management's holdings in Procter & Gamble were worth $3,915,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $31,000. 10Elms LLP purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter valued at $34,000. Mizuho Securities Co. Ltd. increased its position in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its position in shares of Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PG. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, Evercore ISI reissued an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $175.12.

Procter & Gamble Trading Up 1.0%

Procter & Gamble stock traded up $1.48 during trading on Monday, hitting $157.13. The company's stock had a trading volume of 5,317,408 shares, compared to its average volume of 6,537,981. The stock has a market capitalization of $368.07 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 4.14 and a beta of 0.36. The stock's fifty day moving average is $156.47 and its 200 day moving average is $162.40. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio is currently 64.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 9,554 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company's stock, valued at $6,624,689.76. This represents a 18.57% 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. Insiders own 0.18% of the company's stock.

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.