Procter & Gamble Company (The) $PG Position Boosted by Bank of Nova Scotia

Bank of Nova Scotia lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 87.4% in the second quarter, Holdings Channel.com reports. The firm owned 902,217 shares of the company’s stock after acquiring an additional 420,734 shares during the quarter. Bank of Nova Scotia’s holdings in Procter & Gamble were worth $143,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in shares of Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC raised its holdings in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares in the last quarter. Quarry LP acquired a new stake in Procter & Gamble during the first quarter valued at $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the second quarter valued at about $34,000. Finally, RMG Wealth Management LLC acquired a new position in Procter & Gamble in the 2nd quarter worth about $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research note on Monday, October 27th. Barclays decreased their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Monday, December 1st. Raymond James Financial reduced their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $171.53.

Procter & Gamble Price Performance

NYSE PG opened at $143.33 on Monday. The stock has a 50-day simple moving average of $149.10 and a 200 day simple moving average of $155.08. Procter & Gamble Company has a twelve month low of $142.51 and a twelve month high of $179.99. The stock has a market capitalization of $334.91 billion, a PE ratio of 20.92, a P/E/G ratio of 4.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

Procter & Gamble (NYSE:PG) last issued its quarterly 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 company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. During the same period in the previous year, the business posted $1.93 EPS. The company’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. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Susan Street Whaley sold 2,408 shares of the company’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 $366,569.84. Following the transaction, the insider directly owned 31,770 shares of the company’s stock, valued at $4,836,347.10. This represents a 7.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,308 shares of company stock worth $4,611,852. 0.20% of the stock is currently owned by insiders.

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.