Oak Harvest Investment Services Cuts Holdings in Procter & Gamble Company (The) $PG

Oak Harvest Investment Services lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 24.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,108 shares of the company’s stock after selling 10,600 shares during the quarter. Oak Harvest Investment Services’ holdings in Procter & Gamble were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after buying an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. raised its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after acquiring an additional 277 shares during the period. Magnetar Financial LLC acquired a new position in shares of Procter & Gamble during the 1st quarter valued at $607,000. Panagora Asset Management Inc. boosted its position in Procter & Gamble by 15.2% during the 1st quarter. Panagora Asset Management Inc. now owns 53,257 shares of the company’s stock worth $9,076,000 after purchasing an additional 7,019 shares during the period. Finally, Quarry LP purchased a new position in Procter & Gamble in the first quarter valued at about $33,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 3,535 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $538,133.05. Following the transaction, the chief executive officer owned 34,816 shares of the company’s stock, valued at $5,300,039.68. This trade represents a 9.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,308 shares of company stock valued at $4,611,852 over the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 0.1%

PG stock opened at $144.54 on Tuesday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $146.66 and a 200-day simple moving average of $152.58. The company has a market capitalization of $337.74 billion, a P/E ratio of 21.10, a PEG ratio of 4.88 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $138.14 and a twelve month high of $179.99.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm’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. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.61%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PG shares. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Berenberg Bank boosted 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. Finally, Dbs Bank raised shares of Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

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.