Sequoia Financial Advisors LLC Raises Stake in Procter & Gamble Company (The) $PG

Key Points

• Sequoia Financial Advisors LLC raised its stake in Procter & Gamble by 4.3%, acquiring a total of 331,477 shares worth approximately $52.8 million.
• Procter & Gamble reported $1.48 EPS for the latest quarter, exceeding analysts' expectations of $1.42 by $0.06, with a revenue of $20.89 billion.
• The company has declared a quarterly dividend of $1.0568 per share to be paid on November 17th, with an annualized yield of 2.9%.

Sequoia Financial Advisors LLC increased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,477 shares of the company's stock after acquiring an additional 13,663 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Procter & Gamble were worth $52,811,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Stableford Capital II LLC grew its holdings in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares during the period. Private Management Group Inc. lifted its position in Procter & Gamble by 4.8% during the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock worth $236,000 after buying an additional 64 shares during the period. Lantz Financial LLC lifted its position in Procter & Gamble by 1.2% during the second quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock worth $834,000 after buying an additional 64 shares during the period. Finally, Orca Investment Management LLC raised its holdings in shares of Procter & Gamble by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company's stock worth $516,000 after purchasing an additional 64 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,763 shares of company stock valued at $23,421,279. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $147.45 on Thursday. 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 stock has a market capitalization of $345.11 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 3.96 and a beta of 0.36. The stock's fifty day simple moving average is $155.04 and its 200 day simple moving average is $159.12. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results 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. 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 for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company's quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble's payout ratio is currently 64.98%.

Analyst Ratings Changes

PG has been the topic of a number of research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Evercore ISI restated an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas Exane lowered their price objective on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Finally, BNP Paribas reissued an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.21.

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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