Procter & Gamble Company (The) $PG Stock Holdings Lowered by Modern Wealth Management LLC

Modern Wealth Management LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.3% in the 2nd quarter, Holdings Channel reports. The firm owned 60,543 shares of the company’s stock after selling 4,083 shares during the period. Modern Wealth Management LLC’s holdings in Procter & Gamble were worth $9,646,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PG. MOKAN Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 13.7% during the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after purchasing an additional 1,846 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in Procter & Gamble during the 2nd quarter worth about $4,796,000. Vega Investment Solutions lifted its stake in Procter & Gamble by 1.3% during the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after buying an additional 8,500 shares in the last quarter. Caliber Wealth Management LLC KS boosted its holdings in shares of Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after buying an additional 4,730 shares during the period. Finally, Jump Financial LLC purchased a new position in shares of Procter & Gamble in the second quarter worth approximately $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PG shares. Raymond James Financial reduced their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Berenberg Bank increased their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. BNP Paribas Exane lowered their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research note on Monday, October 27th. Finally, Barclays lowered their target price on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.40.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Susan Street Whaley sold 2,408 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $366,569.84. Following the transaction, the insider directly owned 31,770 shares in the company, valued at $4,836,347.10. The trade was a 7.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 30,308 shares of company stock valued at $4,611,852. 0.20% of the stock is owned by company insiders.

Procter & Gamble Price Performance

PG opened at $142.77 on Friday. The stock has a fifty day moving average price of $147.84 and a 200 day moving average price of $154.34. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 1 year low of $138.14 and a 1 year high of $179.99. The stock has a market cap of $333.61 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 4.73 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s payout ratio is 61.75%.

Procter & Gamble Company 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.