Stratos Wealth Advisors LLC Buys 1,690 Shares of Procter & Gamble Company (The) $PG

Key Points

• Stratos Wealth Advisors LLC increased its holdings in Procter & Gamble by 2.4% in Q2, acquiring an additional 1,690 shares for a total of 71,905 shares valued at approximately $11.46 million.
• Insider sales included CEO Jennifer L. Davis selling 3,227 shares at an average price of $152.23, reducing her stake by 4.97%.
• Procter & Gamble is set to pay a quarterly dividend of $1.0568 per share on November 17th, with an annualized yield of 2.8%.

Stratos Wealth Advisors LLC grew its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,905 shares of the company's stock after acquiring an additional 1,690 shares during the period. Stratos Wealth Advisors LLC's holdings in Procter & Gamble were worth $11,456,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PG. Kingstone Capital Partners Texas LLC raised its stake in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock valued at $11,832,680,000 after acquiring an additional 76,017,350 shares during the last quarter. Nuveen LLC bought a new position in shares of Procter & Gamble in the first quarter valued at approximately $1,954,941,000. Price T Rowe Associates Inc. MD raised its stake in shares of Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after acquiring an additional 2,466,308 shares during the last quarter. Invesco Ltd. raised its stake in shares of Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Procter & Gamble by 1,875.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company's stock valued at $280,946,000 after acquiring an additional 1,674,139 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Activity

In other Procter & Gamble news, insider Balaji Purushothaman sold 490 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $74,592.70. Following the completion of the sale, the insider owned 12,616 shares of the company's stock, valued at approximately $1,920,533.68. The trade was a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares of the company's stock, valued at $9,402,333.72. This represents a 4.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 149,763 shares of company stock worth $23,421,279. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Bank of America cut their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. Wells Fargo & Company dropped their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Finally, Barclays dropped their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $172.21.

Procter & Gamble Price Performance

PG opened at $149.50 on Friday. The company has a fifty day moving average price of $154.96 and a two-hundred day moving average price of $158.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The firm has a market capitalization of $349.90 billion, a PE ratio of 22.96, a P/E/G ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the business earned $1.40 EPS. The business's quarterly revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble's payout ratio is currently 64.98%.

Procter & Gamble 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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