Schmidt P J Investment Management Inc. Decreases Position in Procter & Gamble Company (The) $PG

Schmidt P J Investment Management Inc. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,362 shares of the company’s stock after selling 3,626 shares during the period. Procter & Gamble comprises approximately 1.6% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 15th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Procter & Gamble were worth $9,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of Procter & Gamble by 655,209.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the period. Norges Bank acquired a new position in Procter & Gamble during the 2nd quarter valued at about $5,099,644,000. Laurel Wealth Advisors LLC raised its position in shares of Procter & Gamble by 15,971.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after buying an additional 6,969,110 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Procter & Gamble by 21.4% in the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.1%

Shares of Procter & Gamble stock opened at $143.48 on Tuesday. The stock has a 50-day moving average price of $144.84 and a 200 day moving average price of $151.34. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99. The company has a market cap of $335.27 billion, a P/E ratio of 20.95, a P/E/G ratio of 4.79 and a beta of 0.39. 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 (NYSE:PG) last released 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 company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the prior year, the firm earned $1.93 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. TD Cowen dropped their target price on Procter & Gamble from $168.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Cowen reissued a “buy” rating on shares of Procter & Gamble in a research note on Thursday. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Barclays dropped their price target on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Finally, Bank of America reduced their price objective 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. Fifteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $169.23.

About Procter & Gamble

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.