Procter & Gamble Company (The) $PG Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 898,200 shares of the company’s stock after purchasing an additional 6,874 shares during the quarter. Procter & Gamble makes up 2.2% of Ferguson Wellman Capital Management Inc.’s portfolio, making the stock its 9th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Procter & Gamble were worth $138,008,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after acquiring an additional 3,189,111 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Procter & Gamble by 1.8% in the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after purchasing an additional 1,060,713 shares during the last quarter. Norges Bank purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $5,099,644,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Procter & Gamble by 1.7% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Up 2.6%

NYSE PG opened at $141.57 on Friday. The company has a market cap of $330.81 billion, a P/E ratio of 20.67, a P/E/G ratio of 4.65 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. 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 moving average of $145.11 and a 200-day moving average of $151.70.

Procter & Gamble (NYSE:PGGet Free Report) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $22.23 billion. During the same period last year, the company earned $1.93 earnings per share. The company’s quarterly revenue 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 analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The stock was 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. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on PG. JPMorgan Chase & Co. lowered their target price on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research note on Monday, October 27th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $179.00 in a research report on Tuesday, December 16th. Fifteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.23.

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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.

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

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