Waddell & Associates LLC Acquires 4,090 Shares of Procter & Gamble Company (The) $PG

Waddell & Associates LLC increased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 43.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,428 shares of the company’s stock after acquiring an additional 4,090 shares during the quarter. Waddell & Associates LLC’s holdings in Procter & Gamble were worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $25,000. Corundum Trust Company INC purchased a new position in Procter & Gamble in the third quarter worth about $32,000. Marquette Asset Management LLC bought a new position in shares of Procter & Gamble in the third quarter worth approximately $37,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Procter & Gamble during the third quarter valued at approximately $40,000. Finally, Manning & Napier Advisors LLC purchased a new position in Procter & Gamble in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the transaction, the insider owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the sale, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 343,069 shares of company stock valued at $54,545,448 in the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on PG shares. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Barclays set a $155.00 target price on Procter & Gamble in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $165.42 on Wednesday. The stock’s fifty day moving average is $149.82 and its 200 day moving average is $150.85. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The stock has a market cap of $384.44 billion, a P/E ratio of 24.51, a P/E/G ratio of 5.52 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, topping 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 return on equity of 32.21% and a net margin of 19.30%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 62.67%.

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.