HBK Sorce Advisory LLC Cuts Stock Holdings in Procter & Gamble Company (The) $PG

HBK Sorce Advisory LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 7.3% in the third quarter, Holdings Channel.com reports. The fund owned 62,845 shares of the company’s stock after selling 4,972 shares during the period. HBK Sorce Advisory LLC’s holdings in Procter & Gamble were worth $9,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MOKAN Wealth Management Inc. raised its position in Procter & Gamble by 13.7% in the second 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 during the period. Czech National Bank increased its stake in shares of Procter & Gamble by 3.8% in the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock worth $91,409,000 after purchasing an additional 21,825 shares in the last quarter. Vega Investment Solutions raised its holdings in Procter & Gamble by 1.3% in the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after purchasing an additional 8,500 shares during the period. Westerkirk Capital Inc. purchased a new position in Procter & Gamble during the second quarter valued at $4,796,000. Finally, Caliber Wealth Management LLC KS grew its holdings in Procter & Gamble by 36.2% during the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after purchasing an additional 4,730 shares during the period. 65.77% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 2,408 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 $366,569.84. Following the completion of the transaction, the insider directly owned 31,770 shares in the company, valued at approximately $4,836,347.10. This represents a 7.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 30,308 shares of company stock worth $4,611,852. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $144.74 on Monday. 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 stock has a market capitalization of $338.22 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 4.88 and a beta of 0.39. The company has a fifty day moving average of $146.81 and a 200 day moving average of $152.71. Procter & Gamble Company has a fifty-two week low of $138.14 and a fifty-two week high of $179.99.

Procter & Gamble (NYSE:PG) last announced 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. The business 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 business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were issued 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 (DPR) is currently 61.75%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PG shares. 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. Berenberg Bank upped their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Bank of America lowered 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 note on Wednesday, October 8th. Finally, BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.38.

About Procter & Gamble

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.