Franklin Street Advisors Inc. NC Decreases Stock Position in Procter & Gamble Company (The) $PG

Franklin Street Advisors Inc. NC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.4% during the third quarter, HoldingsChannel reports. The firm owned 55,628 shares of the company’s stock after selling 7,853 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Procter & Gamble were worth $8,547,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Lantz Financial LLC increased its stake in Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock worth $834,000 after buying an additional 64 shares during the period. Orca Investment Management LLC grew its stake in shares of Procter & Gamble by 2.0% during the second quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock valued at $516,000 after acquiring an additional 64 shares in the last quarter. Kondo Wealth Advisors Inc. grew its stake in shares of Procter & Gamble by 5.2% during the first quarter. Kondo Wealth Advisors Inc. now owns 1,324 shares of the company’s stock valued at $226,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated increased its position in shares of Procter & Gamble by 0.3% during the second quarter. Silver Oak Securities Incorporated now owns 22,118 shares of the company’s stock worth $3,524,000 after acquiring an additional 65 shares during the last quarter. Finally, Access Financial Services Inc. lifted its stake in shares of Procter & Gamble by 0.6% in the second quarter. Access Financial Services Inc. now owns 10,889 shares of the company’s stock worth $1,735,000 after acquiring an additional 65 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $156.00 to $179.00 in a research note on Tuesday. Bank of America decreased their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday. UBS Group decreased their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Raymond James Financial dropped their target price 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. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Procter & Gamble Trading Down 0.8%

NYSE PG opened at $144.39 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a one year low of $138.14 and a one year high of $179.99. The company has a 50-day simple moving average of $147.32 and a 200-day simple moving average of $153.56. The firm has a market capitalization of $337.41 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 4.89 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter last year, the company posted $1.93 earnings per share. Procter & Gamble’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is currently 61.75%.

Insider Activity

In related news, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,308 shares of company stock worth $4,611,852 over the last 90 days. Insiders own 0.20% of the company’s stock.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.