Sicart Associates LLC Invests $688,000 in Procter & Gamble Company (The) $PG

Key Points

• Sicart Associates LLC has invested approximately $688,000 in Procter & Gamble, purchasing 4,316 shares of the company during the second quarter.
• Procter & Gamble's recent earnings report showed an EPS of $1.48, surpassing analysts' expectations of $1.42, with revenues reaching $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.8% and a payout ratio of 64.98%.

Sicart Associates LLC purchased a new position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,316 shares of the company's stock, valued at approximately $688,000.

A number of other large investors have also made changes to their positions in PG. Brighton Jones LLC increased its position in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. increased its position in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the period. Merit Financial Group LLC increased its position in shares of Procter & Gamble by 6.7% in the 1st quarter. Merit Financial Group LLC now owns 110,788 shares of the company's stock valued at $18,881,000 after acquiring an additional 6,951 shares during the period. InvesTrust increased its position in shares of Procter & Gamble by 0.4% in the 1st quarter. InvesTrust now owns 40,908 shares of the company's stock valued at $6,972,000 after acquiring an additional 162 shares during the period. Finally, Swisher Financial Concepts Inc. increased its position in shares of Procter & Gamble by 2.4% in the 1st quarter. Swisher Financial Concepts Inc. now owns 4,826 shares of the company's stock valued at $823,000 after acquiring an additional 111 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

NYSE:PG opened at $153.67 on Wednesday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. 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 $359.66 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The stock's 50-day moving average price is $155.87 and its 200-day moving average price is $160.34.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its 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 firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the firm earned $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, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued 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 payout ratio is presently 64.98%.

Insider Buying and Selling

In related news, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider directly owned 28,436 shares in the company, valued at approximately $4,459,902.24. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% 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 in the last quarter. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PG shares. Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company cut their target price on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.68.

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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