Pinnacle Wealth Planning Services Inc. Cuts Stock Position in Procter & Gamble Company (The) $PG

Pinnacle Wealth Planning Services Inc. trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,029 shares of the company’s stock after selling 979 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Procter & Gamble were worth $2,394,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MOKAN Wealth Management Inc. increased its holdings in Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after acquiring an additional 1,846 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock valued at $62,098,000 after purchasing an additional 199,258 shares during the period. Caliber Wealth Management LLC KS increased its stake in shares of Procter & Gamble by 36.2% during the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,684,000. Finally, First Citizens Bank & Trust Co. lifted its stake in Procter & Gamble by 12.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 156,874 shares of the company’s stock valued at $24,993,000 after buying an additional 17,836 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 3,535 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $538,133.05. Following the sale, the chief executive officer owned 34,816 shares in the company, valued at $5,300,039.68. The trade was a 9.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 51,056 shares of company stock worth $7,892,036. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 1.3%

Shares of NYSE:PG opened at $145.81 on Tuesday. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43. The stock has a market cap of $340.72 billion, a P/E ratio of 21.29, a PEG ratio of 3.87 and a beta of 0.36. The business has a fifty day moving average of $151.56 and a two-hundred day moving average of $156.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the company posted $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. On average, research analysts expect 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 Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is 61.61%.

Analyst Ratings Changes

PG has been the subject of several research reports. Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Raymond James Financial decreased their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Dbs Bank raised shares of Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.53.

About Procter & Gamble

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.