Seamount Financial Group Inc. Increases Stake in Procter & Gamble Company (The) $PG

Key Points

• Seamount Financial Group Inc. increased its stake in Procter & Gamble by 38.3% in Q2, acquiring an additional 1,915 shares to total 6,910 shares valued at $1,101,000.
• Several hedge funds have altered their holdings, with Signature Resources Capital Management increasing its stake by 67.9%, and overall, institutional investors now own 65.77% of Procter & Gamble's stock.
• Analyst ratings have become more cautious, with firms like BNP Paribas and Barclays lowering price targets for Procter & Gamble, reflecting a shift to a consensus rating of “Moderate Buy” with an average target of $173.11.

Seamount Financial Group Inc. boosted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 38.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,910 shares of the company's stock after acquiring an additional 1,915 shares during the quarter. Seamount Financial Group Inc.'s holdings in Procter & Gamble were worth $1,101,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the 1st quarter valued at about $26,000. Signature Resources Capital Management LLC grew its holdings 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 acquiring an additional 72 shares during the period. Quarry LP purchased a new stake in Procter & Gamble during the first quarter valued at $33,000. Mizuho Securities Co. Ltd. lifted its holdings in 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 acquiring an additional 170 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its position in 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 purchasing an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. BNP Paribas Exane reduced their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. 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 note on Friday, July 25th. Barclays cut their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a report on Saturday, September 27th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $173.11.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andre Schulten sold 11,638 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction 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. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $150.47 on Tuesday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The stock's 50-day simple moving average is $155.38 and its 200-day simple moving average is $159.84. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $352.17 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

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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