Cerity Partners LLC Sells 388,971 Shares of Procter & Gamble Company (The) $PG

Cerity Partners LLC trimmed its position in Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 6,144,729 shares of the company’s stock after selling 388,971 shares during the quarter. Procter & Gamble makes up 1.5% of Cerity Partners LLC’s portfolio, making the stock its 11th biggest position. Cerity Partners LLC’s holdings in Procter & Gamble were worth $944,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble during the 1st quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble in the third quarter valued at about $25,000. Signature Resources Capital Management LLC grew its position in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble in the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $37,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $139.98 on Wednesday. The company has a market capitalization of $327.08 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 4.73 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a twelve month low of $138.14 and a twelve month high of $179.99. The stock has a fifty day simple moving average of $145.48 and a 200 day simple moving average of $151.87.

Procter & Gamble (NYSE:PGGet Free Report) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current 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 given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 61.75%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PG. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Dbs Bank raised shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Bank of America dropped their price target 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. JPMorgan Chase & Co. reduced their price objective on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Finally, UBS Group dropped their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.81.

Read Our Latest Report on Procter & Gamble

More Procter & Gamble News

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Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Procter & Gamble Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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