Procter & Gamble Company (The) $PG Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 68,102 shares of the company’s stock after selling 4,036 shares during the quarter. Wedbush Securities Inc.’s holdings in Procter & Gamble were worth $10,850,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MOKAN Wealth Management Inc. lifted its stake in shares of Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after purchasing an additional 1,846 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after buying an additional 199,258 shares during the period. Caliber Wealth Management LLC KS lifted its position in Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after buying an additional 4,730 shares during the last quarter. Diversify Wealth Management LLC increased its position in shares of Procter & Gamble by 10.3% during the first quarter. Diversify Wealth Management LLC now owns 23,719 shares of the company’s stock valued at $3,849,000 after acquiring an additional 2,210 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $34,684,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Up 0.5%

Procter & Gamble stock opened at $146.90 on Friday. The firm has a market capitalization of $343.28 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.87 and a beta of 0.36. The stock’s fifty day simple moving average is $152.93 and its 200-day simple moving average is $157.16. Procter & Gamble Company has a twelve month low of $144.46 and a twelve month high of $180.43. 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 EPS for the quarter, topping the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the previous year, the firm posted $1.93 EPS. Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Insider Buying and Selling

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the sale, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,488 shares of company stock valued at $23,529,718 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PG shares. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. UBS Group decreased their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane lowered their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.53.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.