Clayton Financial Group LLC acquired a new position in Procter & Gamble Company (The) (NYSE:PG – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,918 shares of the company’s stock, valued at approximately $756,000. Procter & Gamble makes up approximately 0.6% of Clayton Financial Group LLC’s investment portfolio, making the stock its 23rd biggest position.
A number of other institutional investors and hedge funds have also recently made changes to their positions in PG. Vanguard Group Inc. boosted its stake in shares of Procter & Gamble by 1.4% in the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after buying an additional 3,189,111 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after acquiring an additional 76,017,350 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Procter & Gamble by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after acquiring an additional 1,060,713 shares during the period. Norges Bank acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth $5,099,644,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Procter & Gamble by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock worth $2,770,035,000 after purchasing an additional 294,673 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Raymond James Financial cut 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 report on Monday, October 20th. JPMorgan Chase & Co. dropped their target price on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Barclays lowered their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a research report on Monday, December 8th. Finally, UBS Group reduced their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.
Insider Transactions at Procter & Gamble
In related news, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the business’s 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. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 30,308 shares of company stock valued at $4,611,852. 0.20% of the stock is currently owned by corporate insiders.
Procter & Gamble Price Performance
PG stock opened at $144.53 on Friday. The stock has a market cap of $337.72 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 4.87 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The company has a 50 day simple moving average of $146.94 and a 200 day simple moving average of $152.97. Procter & Gamble Company has a 1 year low of $138.14 and a 1 year high of $179.99.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.93 earnings per share. 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 fiscal year.
Procter & Gamble Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.
Procter & Gamble Profile
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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