Thurston Springer Miller Herd & Titak Inc. Sells 33,913 Shares of Procter & Gamble Company (The) $PG

Thurston Springer Miller Herd & Titak Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 94.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,168 shares of the company’s stock after selling 33,913 shares during the quarter. Procter & Gamble comprises 0.7% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 28th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Procter & Gamble were worth $333,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MOKAN Wealth Management Inc. raised its position in shares of Procter & Gamble by 13.7% during the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after buying an additional 1,846 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in Procter & Gamble during the second quarter worth about $4,796,000. Vega Investment Solutions increased its stake in Procter & Gamble by 1.3% during the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock valued at $101,710,000 after acquiring an additional 8,500 shares during the period. Caliber Wealth Management LLC KS raised its holdings in Procter & Gamble by 36.2% in 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 in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PG. Deutsche Bank Aktiengesellschaft lowered their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Finally, Bank of America decreased their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.76.

Procter & Gamble Stock Up 1.7%

Shares of NYSE PG opened at $147.71 on Thursday. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. 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 business has a fifty day moving average of $147.53 and a two-hundred day moving average of $153.78. The stock has a market cap of $345.15 billion, a PE ratio of 21.56, a PEG ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter last year, the company posted $1.93 EPS. The firm’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 research 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 was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is 61.75%.

Insiders Place Their Bets

In related news, CFO Andre Schulten sold 4,252 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the transaction, the chief executive officer owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. The trade was a 3.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,308 shares of company stock worth $4,611,852 over the last ninety days. 0.20% of the stock is owned by insiders.

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.