L.M. Kohn & Company Trims Position in Procter & Gamble Company (The) $PG

L.M. Kohn & Company reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,998 shares of the company’s stock after selling 7,497 shares during the quarter. Procter & Gamble makes up about 4.2% of L.M. Kohn & Company’s investment portfolio, making the stock its 3rd biggest holding. L.M. Kohn & Company’s holdings in Procter & Gamble were worth $3,534,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the third quarter worth $25,000. Corundum Trust Company INC bought a new position in shares of Procter & Gamble in the 3rd quarter worth about $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at about $34,000. RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $37,000. Finally, Marquette Asset Management LLC acquired a new stake in Procter & Gamble during the third quarter worth about $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $151.80 on Friday. The stock has a market cap of $352.78 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 4.98 and a beta of 0.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The stock’s 50 day moving average price is $144.89 and its 200 day moving average price is $150.33.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio is presently 62.67%.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Barclays set a $155.00 price objective on Procter & Gamble in a research report on Friday, January 16th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Bank of America reduced their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

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.