Kovack Advisors Inc. Decreases Holdings in Procter & Gamble Company (The) $PG

Kovack Advisors Inc. lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 27.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,490 shares of the company’s stock after selling 4,308 shares during the quarter. Kovack Advisors Inc.’s holdings in Procter & Gamble were worth $1,766,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Procter & Gamble during the second quarter valued at approximately $5,099,644,000. Laurel Wealth Advisors LLC grew its holdings in 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 valued at $1,117,270,000 after purchasing an additional 6,969,110 shares in the last quarter. Vanguard Group Inc. increased its stake in Procter & Gamble by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after buying an additional 3,189,111 shares during the period. Invesco Ltd. increased its stake in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after buying an additional 2,880,895 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Procter & Gamble by 66.3% in the 2nd quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock worth $877,014,000 after buying an additional 2,195,560 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Ma. Fatima Francisco sold 8,000 shares of Procter & Gamble stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $158.00, for a total value of $1,264,000.00. Following the sale, the chief executive officer directly owned 6,571 shares in the company, valued at $1,038,218. This trade represents a 54.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the completion of the transaction, the chairman owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. This trade represents a 33.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 341,260 shares of company stock valued at $54,256,985 in the last three months. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Price Performance

PG opened at $160.77 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average price is $149.02 and its 200 day moving average price is $150.70. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The firm has a market cap of $373.62 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 5.27 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research note on Monday, October 27th. Wells Fargo & Company restated an “overweight” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.

Procter & Gamble 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.