Secure Asset Management LLC Decreases Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Secure Asset Management LLC reduced its stake in Procter & Gamble by 19.9% in Q2, selling 3,482 shares, with remaining holdings valued at $2,232,000.
• Insider trades include CFO Andre Schulten selling 11,638 shares for over $1.8 million, reflecting an 18.11% decrease in his position.
• Procter & Gamble's stock price projection has been adjusted, with Wells Fargo lowering its target from $175 to $173, while UBS maintains a $180 buy rating.

Secure Asset Management LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 19.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,007 shares of the company's stock after selling 3,482 shares during the period. Secure Asset Management LLC's holdings in Procter & Gamble were worth $2,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Procter & Gamble by 4.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 557,418 shares of the company's stock valued at $88,808,000 after buying an additional 26,034 shares in the last quarter. Shira Ridge Wealth Management purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $208,000. KMG Fiduciary Partners LLC lifted its position in shares of Procter & Gamble by 1.9% during the 2nd quarter. KMG Fiduciary Partners LLC now owns 81,242 shares of the company's stock valued at $12,943,000 after buying an additional 1,484 shares in the last quarter. Sovran Advisors LLC lifted its position in shares of Procter & Gamble by 11.9% during the 2nd quarter. Sovran Advisors LLC now owns 5,792 shares of the company's stock valued at $914,000 after buying an additional 616 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its position in shares of Procter & Gamble by 19.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock valued at $979,000 after buying an additional 1,016 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 11,638 shares of the firm's stock in a transaction dated 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 in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider owned 182,422 shares of the company's stock, valued at $28,689,507.94. This trade represents a 5.12% 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 worth $18,918,012 over the last ninety days. Company insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Berenberg Bank increased their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday. Evercore ISI reissued an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.94.

Procter & Gamble Stock Up 1.3%

Shares of NYSE:PG opened at $160.15 on Thursday. The business has a 50-day moving average price of $156.20 and a 200 day moving average price of $161.61. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $374.83 billion, a price-to-earnings ratio of 24.60, a PEG ratio of 4.17 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) 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 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 company's quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.