Atlas Private Wealth Advisors trimmed its stake in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 63.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,079 shares of the company’s stock after selling 5,374 shares during the period. Atlas Private Wealth Advisors’ holdings in Procter & Gamble were worth $473,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of PG. McKinley Carter Wealth Services Inc. grew its holdings in shares of Procter & Gamble by 13.9% during the third quarter. McKinley Carter Wealth Services Inc. now owns 38,160 shares of the company’s stock worth $5,863,000 after purchasing an additional 4,656 shares during the last quarter. Winnow Wealth LLC boosted its position in shares of Procter & Gamble by 1,289.8% in the 3rd quarter. Winnow Wealth LLC now owns 6,407 shares of the company’s stock valued at $987,000 after purchasing an additional 5,946 shares during the period. Cornerstone Wealth Management LLC grew its stake in Procter & Gamble by 3.4% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 105,168 shares of the company’s stock worth $16,159,000 after buying an additional 3,437 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Procter & Gamble by 1.7% during the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 22,573 shares of the company’s stock worth $3,468,000 after buying an additional 371 shares during the period. Finally, Argent Advisors Inc. lifted its stake in Procter & Gamble by 14.8% in the third quarter. Argent Advisors Inc. now owns 11,126 shares of the company’s stock valued at $1,710,000 after buying an additional 1,435 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.
Insider Activity at Procter & Gamble
In other news, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This represents a 34.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
Procter & Gamble Price Performance
Procter & Gamble (NYSE:PG – Get Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 62.67%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Morgan Stanley set a $175.00 price target on Procter & Gamble in a report on Monday, October 27th. Finally, TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and boosted their price target for the company from $150.00 to $156.00 in a research report on Tuesday. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $167.00.
View Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble Company Profile
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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