Wealth Enhancement Advisory Services LLC Raises Holdings in Procter & Gamble Company (The) $PG

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Procter & Gamble by 2.9%, acquiring an additional 45,557 shares during the second quarter, bringing its total to approximately 1.6 million shares valued at $256.3 million.
• CEO Jon R. Moeller and another insider sold shares recently, with Moeller's sale representing an 11.16% decrease in his ownership, while insiders have collectively sold 120,181 shares worth nearly $19 million over the last 90 days.
• Procter & Gamble reported a quarterly earnings per share (EPS) of $1.48, exceeding analyst expectations, and announced a quarterly dividend of $1.0568, reflecting a dividend yield of 2.6%.

Wealth Enhancement Advisory Services LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,593,343 shares of the company's stock after buying an additional 45,557 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Procter & Gamble worth $256,257,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Benjamin Edwards Inc. lifted its stake in Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after buying an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after buying an additional 4,562 shares in the last quarter. World Investment Advisors lifted its stake in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after buying an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Procter & Gamble by 26.4% in the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after buying an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC boosted its position in Procter & Gamble by 8.7% during the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock worth $294,000 after acquiring an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jennifer L. Davis sold 8,596 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares in the company, valued at approximately $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at $4,292,684.65. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Finally, Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $173.94.

Procter & Gamble Trading Down 0.7%

Shares of PG stock traded down $1.17 during mid-day trading on Friday, reaching $156.15. 17,159,888 shares of the stock traded hands, compared to its average volume of 5,803,375. The stock's fifty day simple moving average is $156.16 and its two-hundred day simple moving average is $161.37. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a market cap of $365.47 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 4.12 and a beta of 0.36. 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 posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate 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. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's payout ratio is currently 64.98%.

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.