Cannell & Spears LLC Sells 6,457 Shares of Procter & Gamble Company (The) $PG

Cannell & Spears LLC lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 8.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 65,707 shares of the company’s stock after selling 6,457 shares during the period. Cannell & Spears LLC’s holdings in Procter & Gamble were worth $9,494,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Procter & Gamble by 294.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 903,429 shares of the company’s stock valued at $130,491,000 after buying an additional 674,154 shares in the last quarter. Morningstar Investment Management LLC increased its position in shares of Procter & Gamble by 13.7% in the first quarter. Morningstar Investment Management LLC now owns 56,539 shares of the company’s stock worth $8,166,000 after purchasing an additional 6,798 shares during the period. Pennington Partners & CO. LLC raised its stake in Procter & Gamble by 31.2% in the first quarter. Pennington Partners & CO. LLC now owns 3,000 shares of the company’s stock valued at $433,000 after purchasing an additional 714 shares in the last quarter. Klingman & Associates LLC lifted its position in Procter & Gamble by 0.7% during the first quarter. Klingman & Associates LLC now owns 15,551 shares of the company’s stock worth $2,246,000 after purchasing an additional 113 shares during the period. Finally, Modern Wealth Management LLC grew its stake in Procter & Gamble by 3.1% during the first quarter. Modern Wealth Management LLC now owns 64,412 shares of the company’s stock worth $9,281,000 after buying an additional 1,933 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 0.2%

Shares of Procter & Gamble stock opened at $147.30 on Friday. The firm’s 50 day moving average is $147.33 and its 200 day moving average is $148.70. The firm has a market capitalization of $343.00 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 7.31 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.56 by $0.03. The business had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.54 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.88 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 24th will be paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 24th. Procter & Gamble’s dividend payout ratio is presently 63.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PG. Jefferies Financial Group boosted their target price on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a research report on Friday, June 26th. TD Cowen lifted their price objective on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, April 27th. Sanford C. Bernstein initiated coverage on shares of Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 price objective for the company. Wells Fargo & Company upped their target price on Procter & Gamble from $158.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Finally, BMO Capital Markets lifted their price target on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.74.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Analyst previews suggest P&G still has a path to an earnings beat, with investors watching key operating metrics beyond headline revenue and EPS for signs of resilient demand and execution. What Analyst Projections for Key Metrics Reveal About P&G (PG) Q4 Earnings
• Positive Sentiment: Coverage ahead of the report notes that sales growth is still expected, which could support sentiment if P&G shows continued pricing power and volume stability. Procter & Gamble to Report Q4 Earnings: What Should You Know?
• Neutral Sentiment: Investors are also weighing external cost pressures, including tariffs and energy expenses, which could affect margins but are not yet a clear earnings surprise. Is Procter & Gamble (NYSE:PG) Standing Firm As Energy Costs Rise?
• Negative Sentiment: Recent market coverage says PG dipped more than the broader market, reflecting concern that earnings expectations may be offset by margin pressure and a cautious setup into results. Why Procter & Gamble (PG) Dipped More Than Broader Market Today

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.