Summit Financial LLC Grows Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Summit Financial LLC increased its stake in Procter & Gamble by 14.5% in the first quarter, now owning 44,510 shares valued at approximately $7.58 million.
• Procter & Gamble reported a Q4 EPS of $1.48, surpassing estimates, and a revenue of $20.89 billion, reflecting a year-over-year increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annualized dividend yield of 2.7% and a payout ratio of 64.82%.

Summit Financial LLC grew its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,510 shares of the company's stock after acquiring an additional 5,651 shares during the period. Summit Financial LLC's holdings in Procter & Gamble were worth $7,585,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Navigoe LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $31,000. 10Elms LLP purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. Mizuho Securities Co. Ltd. raised its position in Procter & Gamble by 566.7% during 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 in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the fourth quarter valued at approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $159.4180 on Thursday. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The business's fifty day simple moving average is $156.91 and its 200-day simple moving average is $163.11. The firm has a market cap of $373.42 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 4.18 and a beta of 0.37. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $20.79 billion. During the same quarter in the prior year, the company 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. Equities 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.82%.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Raymond James Financial dropped their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Evercore ISI reissued an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Insider Activity

In related news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares of the company's stock, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the 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 directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,837 shares of company stock worth $14,285,935 in the last quarter. Insiders own 0.18% of the company's stock.

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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