Sterling Investment Counsel LLC Cuts Stake in Procter & Gamble Company (The) $PG

Key Points

• Sterling Investment Counsel LLC has significantly reduced its stake in Procter & Gamble by 57.2%, now holding only 1,704 shares after selling 2,278 shares in the second quarter.
• Procter & Gamble reported $1.48 EPS for the quarter, surpassing analysts' expectations of $1.42, and achieved a revenue of $20.89 billion, reflecting a 1.7% year-over-year growth.
• Insider selling has occurred, with CEO Gary A. Coombe selling 10,194 shares for over $1.6 million, indicating a 22.57% decrease in his ownership of Procter & Gamble stock.

Sterling Investment Counsel LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 57.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,704 shares of the company's stock after selling 2,278 shares during the quarter. Sterling Investment Counsel LLC's holdings in Procter & Gamble were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Greenwood Capital Associates LLC boosted its stake in Procter & Gamble by 30.4% in the second quarter. Greenwood Capital Associates LLC now owns 34,988 shares of the company's stock worth $5,574,000 after buying an additional 8,166 shares in the last quarter. Atwater Malick LLC boosted its stake in Procter & Gamble by 0.3% in the second quarter. Atwater Malick LLC now owns 64,510 shares of the company's stock worth $10,278,000 after buying an additional 220 shares in the last quarter. Verus Financial Partners Inc. lifted its position in Procter & Gamble by 12.7% in the second quarter. Verus Financial Partners Inc. now owns 2,722 shares of the company's stock valued at $429,000 after purchasing an additional 307 shares during the last quarter. Mattern Capital Management LLC lifted its position in Procter & Gamble by 1.2% in the second quarter. Mattern Capital Management LLC now owns 54,366 shares of the company's stock valued at $8,662,000 after purchasing an additional 620 shares during the last quarter. Finally, Abacus Planning Group Inc. lifted its position in Procter & Gamble by 6.5% in the second quarter. Abacus Planning Group Inc. now owns 6,132 shares of the company's stock valued at $977,000 after purchasing an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $152.19 on Friday. 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 cap of $356.20 billion, a PE ratio of 23.38, a P/E/G ratio of 4.01 and a beta of 0.36. The business has a 50 day moving average of $155.51 and a 200 day moving average of $160.06. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced 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. The company 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 firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio is 64.98%.

Analyst Ratings Changes

PG has been the subject of several recent research reports. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research report on Wednesday, September 17th. Wells Fargo & Company lowered their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Saturday, September 27th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, 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 report on Tuesday, September 23rd. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $173.11.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

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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