Schulhoff & Co. Inc. Reduces Stock Holdings in Procter & Gamble Company (The) $PG

Schulhoff & Co. Inc. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,181 shares of the company's stock after selling 4,363 shares during the quarter. Procter & Gamble accounts for approximately 11.2% of Schulhoff & Co. Inc.'s investment portfolio, making the stock its biggest holding. Schulhoff & Co. Inc.'s holdings in Procter & Gamble were worth $25,202,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PG. Kingstone Capital Partners Texas LLC grew its holdings in 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 valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the period. Nuveen LLC bought a new position in Procter & Gamble during the first quarter valued at $1,954,941,000. Price T Rowe Associates Inc. MD grew its holdings in 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 valued at $3,660,737,000 after purchasing an additional 2,466,308 shares during the period. Invesco Ltd. grew its holdings in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company's stock valued at $280,946,000 after purchasing an additional 1,674,139 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 directly owned 319,375 shares of the company's stock, valued at $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 9,849 shares of the firm'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 transaction of $1,548,952.23. Following 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 position. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock valued at $23,421,279 over the last quarter. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 0.2%

Shares of NYSE:PG opened at $151.61 on Wednesday. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The firm has a fifty day moving average of $154.79 and a 200 day moving average of $158.54. The firm has a market capitalization of $354.84 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 4.03 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS 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 business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the prior year, the company posted $1.40 EPS. Procter & Gamble's quarterly revenue 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. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid 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 is Friday, October 24th. Procter & Gamble's dividend payout ratio is presently 64.98%.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. Wells Fargo & Company reduced their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Berenberg Bank boosted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. BNP Paribas Exane lowered their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Finally, Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $171.68.

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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