Procter & Gamble Company (The) $PG Stock Position Trimmed by Brown Shipley& Co Ltd

Key Points

• Brown Shipley & Co Ltd reduced their position in Procter & Gamble by 11.6% during the second quarter, maintaining it as their 10th largest stock holding.
• Various large investors, including Signature Resources Capital Management and Mizuho Securities, have made significant changes to their stakes in Procter & Gamble, indicating varied market sentiment.
• Procter & Gamble's latest quarterly earnings report showed an EPS of $1.48, exceeding analysts' expectations, and the company recently announced a quarterly dividend with a 2.8% yield.

Brown Shipley& Co Ltd lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,166 shares of the company's stock after selling 5,769 shares during the quarter. Procter & Gamble accounts for 3.9% of Brown Shipley& Co Ltd's portfolio, making the stock its 10th largest position. Brown Shipley& Co Ltd's holdings in Procter & Gamble were worth $7,037,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC boosted its stake in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after buying an additional 72 shares during the last quarter. Quarry LP purchased a new stake in shares of Procter & Gamble in the first quarter worth about $33,000. Mizuho Securities Co. Ltd. boosted its stake 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 worth $34,000 after buying an additional 170 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its stake 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 worth $42,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PG. BNP Paribas Exane lowered their target price on 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 restated an "outperform" rating and issued a $177.00 target price 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 previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.68.

Insider Buying and Selling

In related news, COO Shailesh Jejurikar sold 13,039 shares of the 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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 40,119 shares of the 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 $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares of the company's stock, valued at $50,228,106.25. The trade was a 11.16% 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 in the last ninety days. Company insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

NYSE:PG opened at $153.67 on Wednesday. Procter & Gamble Company has a one year low of $149.91 and a one 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. The stock has a market cap of $359.66 billion, a PE ratio of 23.61, a P/E/G ratio of 4.05 and a beta of 0.36. The stock has a 50 day moving average price of $155.87 and a 200 day moving average price of $160.34.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly 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. 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 quarter last year, the firm earned $1.40 earnings per share. The business'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 expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given 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 64.98%.

Procter & Gamble 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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