Smith Chas P & Associates PA Cpas Buys 4,463 Shares of Procter & Gamble Company (The) $PG

Key Points

• Smith Chas P & Associates PA Cpas increased its stake in Procter & Gamble by 1.7%, acquiring an additional 4,463 shares, bringing its total holdings to 268,570 shares valued at approximately $42.8 million.
• CEO Jon R. Moeller and CFO Andre Schulten both sold significant amounts of their shares, with Moeller selling 40,119 shares and Schulten selling 11,638 shares, indicating internal shifts in ownership.
• Analysts have varying target prices for Procter & Gamble's stock, with UBS Group setting a target of $180.00 while BNP Paribas lowered it to $172.00, reflecting differing perspectives on the company's market performance.

Smith Chas P & Associates PA Cpas raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 268,570 shares of the company's stock after purchasing an additional 4,463 shares during the quarter. Procter & Gamble accounts for about 2.4% of Smith Chas P & Associates PA Cpas' investment portfolio, making the stock its 14th biggest position. Smith Chas P & Associates PA Cpas' holdings in Procter & Gamble were worth $42,789,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble during the 1st quarter worth about $26,000. Signature Resources Capital Management LLC increased its holdings in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after purchasing an additional 72 shares during the period. Quarry LP bought a new position in shares of Procter & Gamble during the 1st quarter worth about $33,000. Mizuho Securities Co. Ltd. increased its stake 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. increased its stake in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after acquiring an additional 82 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other news, CEO Jon R. Moeller sold 40,119 shares of the company'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 $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Schulten sold 11,638 shares of the company's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock valued at $18,918,012 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PG shares. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. 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 research note on Tuesday, September 23rd. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Berenberg Bank upped their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Finally, Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $173.68.

Procter & Gamble Price Performance

NYSE:PG opened at $153.42 on Tuesday. The firm has a market cap of $359.08 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 4.02 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. 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's 50-day moving average price is $155.97 and its two-hundred day moving average price is $160.39.

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. The firm had revenue of $20.89 billion for 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%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.82%.

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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