WESPAC Advisors SoCal LLC Increases Stock Position in Procter & Gamble Company (The) $PG

Key Points

• WESPAC Advisors SoCal LLC increased its stake in Procter & Gamble by 17.7%, owning 50,617 shares valued at about $8 million, positioning it as the firm's 21st largest investment.
• Procter & Gamble reported Q4 earnings of $1.48 per share, exceeding estimates, with revenue of $20.89 billion, reflecting a 1.7% year-over-year increase.
• The company will pay a quarterly dividend of $1.0568 per share to shareholders on November 17th, which translates to an annualized dividend yield of 2.8%.

WESPAC Advisors SoCal LLC boosted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,617 shares of the company's stock after acquiring an additional 7,619 shares during the period. Procter & Gamble comprises approximately 1.8% of WESPAC Advisors SoCal LLC's portfolio, making the stock its 21st largest position. WESPAC Advisors SoCal LLC's holdings in Procter & Gamble were worth $8,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in Procter & Gamble during the first quarter worth about $26,000. Signature Resources Capital Management LLC grew its position in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after buying an additional 72 shares during the period. Quarry LP acquired a new position in Procter & Gamble during the first quarter worth about $33,000. RMG Wealth Management LLC acquired a new position in Procter & Gamble during the second quarter worth about $37,000. Finally, Quest 10 Wealth Builders Inc. grew its position in Procter & Gamble by 50.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after buying an additional 82 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.4%

PG stock opened at $151.98 on Tuesday. The company's 50 day simple moving average is $154.86 and its 200-day simple moving average is $158.59. The firm has a market capitalization of $355.72 billion, a PE ratio of 23.35, a P/E/G ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

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

Procter & Gamble Dividend Announcement

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

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. Barclays lowered their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 1st. UBS Group lowered their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank upped their target price 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. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Eleven research 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.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $171.68.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 13,039 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 $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% 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 valued at $23,421,279. 0.20% of the stock is owned by corporate insiders.

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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