Laurel Wealth Advisors LLC Has $7.03 Million Stake in Procter & Gamble Company (The) $PG

Laurel Wealth Advisors LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 99.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,753 shares of the company’s stock after selling 6,966,991 shares during the period. Procter & Gamble makes up approximately 1.0% of Laurel Wealth Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Laurel Wealth Advisors LLC’s holdings in Procter & Gamble were worth $7,030,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new position in shares of Procter & Gamble during the 3rd quarter worth approximately $25,000. Corundum Trust Company INC acquired a new position in Procter & Gamble during the third quarter worth $32,000. Caitlin John LLC bought a new position in Procter & Gamble in the third quarter valued at $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at $37,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Procter & Gamble during the 3rd quarter worth about $40,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,809 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $159.46, for a total value of $288,463.14. Following the transaction, the insider owned 30,215 shares of the company’s stock, valued at approximately $4,818,083.90. This represents a 5.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer directly owned 34,994 shares of the company’s stock, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 343,069 shares of company stock valued at $54,545,448. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PG shares. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft cut their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Rothschild & Co Redburn raised their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.33.

View Our Latest Analysis on Procter & Gamble

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Procter & Gamble Stock Up 2.0%

PG opened at $166.95 on Monday. The stock’s fifty day simple moving average is $150.95 and its 200 day simple moving average is $151.05. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $179.99. The stock has a market cap of $388.00 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 5.59 and a beta of 0.37. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts expect 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 Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.5%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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