Rede Wealth LLC Cuts Holdings in Procter & Gamble Company (The) $PG

Rede Wealth LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 78.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,437 shares of the company’s stock after selling 5,374 shares during the period. Rede Wealth LLC’s holdings in Procter & Gamble were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NovaPoint Capital LLC grew its stake in Procter & Gamble by 11.3% in the third quarter. NovaPoint Capital LLC now owns 29,355 shares of the company’s stock valued at $4,510,000 after purchasing an additional 2,975 shares during the last quarter. Founders Grove Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 11.5% in the 3rd quarter. Founders Grove Wealth Partners LLC now owns 7,878 shares of the company’s stock valued at $1,211,000 after buying an additional 811 shares in the last quarter. FSM Wealth Advisors LLC grew its position in shares of Procter & Gamble by 4.9% in the 3rd quarter. FSM Wealth Advisors LLC now owns 6,911 shares of the company’s stock worth $1,062,000 after buying an additional 325 shares during the last quarter. Apella Capital LLC raised its stake in shares of Procter & Gamble by 8.2% during the 3rd quarter. Apella Capital LLC now owns 17,083 shares of the company’s stock worth $2,556,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Banque de Luxembourg S.A. lifted its position in Procter & Gamble by 6.5% during the third quarter. Banque de Luxembourg S.A. now owns 8,176 shares of the company’s stock valued at $1,256,000 after acquiring an additional 497 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America cut their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Finally, Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $170.00 to $158.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Fifteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.36.

Get Our Latest Stock Report on PG

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the business’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 completion of the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Trading Up 1.7%

Shares of NYSE:PG opened at $146.96 on Wednesday. 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 52-week low of $137.62 and a 52-week high of $179.99. The stock has a market cap of $343.40 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.89 and a beta of 0.39. The business has a 50-day moving average price of $144.67 and a 200-day moving average price of $150.70.

Procter & Gamble (NYSE:PGGet Free Report) last issued its 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. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Procter & Gamble’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. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be paid a $1.0568 dividend. The ex-dividend date is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 61.75%.

About Procter & Gamble

(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.

Further Reading

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

Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.