Portside Wealth Group LLC Has $2.27 Million Stake in Procter & Gamble Company (The) $PG

Portside Wealth Group LLC increased its position in Procter & Gamble Company (The) (NYSE:PG) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,271 shares of the company’s stock after buying an additional 573 shares during the period. Portside Wealth Group LLC’s holdings in Procter & Gamble were worth $2,274,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on PG. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday, October 27th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Raymond James Financial decreased their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, Bank of America decreased their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

Procter & Gamble Stock Down 1.3%

Shares of PG opened at $145.81 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The company has a 50-day simple moving average of $151.56 and a 200-day simple moving average of $156.43. Procter & Gamble Company has a 52 week low of $144.09 and a 52 week high of $180.43. The firm has a market capitalization of $340.72 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Insider Transactions at Procter & Gamble

In other news, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the completion of the transaction, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 51,056 shares of company stock valued at $7,892,036 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.