West Tower Group LLC Acquires New Shares in Procter & Gamble Company (The) $PG

Key Points

• West Tower Group LLC acquired 2,500 shares of Procter & Gamble, valued at approximately $398,000, during the second quarter.
• Procter & Gamble reported a quarterly earnings per share of $1.48, exceeding estimates, with a revenue of $20.89 billion for the quarter.
• The company declared a quarterly dividend of $1.0568 per share, which will be paid out on November 17th, representing a yield of 2.8%.

West Tower Group LLC acquired a new stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,500 shares of the company's stock, valued at approximately $398,000.

Several other institutional investors also recently modified their holdings of the business. Nova Wealth Management Inc. purchased a new position in Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC boosted its position in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP purchased a new position in Procter & Gamble in the first quarter worth about $33,000. RMG Wealth Management LLC purchased a new position in Procter & Gamble in the second quarter worth about $37,000. Finally, Quest 10 Wealth Builders Inc. boosted its position in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after purchasing an additional 82 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Trading Up 1.3%

PG stock opened at $151.53 on Monday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year 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. The company has a market capitalization of $354.66 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 4.02 and a beta of 0.36. The business has a 50 day simple moving average of $154.92 and a two-hundred day simple moving average of $158.67.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research report on Friday, October 10th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $172.21.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the sale, the insider directly owned 182,422 shares of the company's stock, valued at $28,689,507.94. This represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares of the company's stock, valued at $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock worth $23,421,279 over the last ninety days. 0.20% of the stock is owned by company 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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