Procter & Gamble Company (The) $PG is Heritage Wealth Management Inc.’s Largest Position

Heritage Wealth Management Inc. raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 32.7% in the third quarter, Holdings Channel.com reports. The fund owned 150,814 shares of the company’s stock after purchasing an additional 37,198 shares during the period. Procter & Gamble makes up approximately 6.8% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its biggest position. Heritage Wealth Management Inc.’s holdings in Procter & Gamble were worth $23,173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the 3rd quarter valued at about $25,000. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble in the third quarter valued at approximately $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble in the second quarter valued at approximately $34,000. RMG Wealth Management LLC purchased a new stake in Procter & Gamble during the 2nd quarter worth approximately $37,000. Finally, Marquette Asset Management LLC acquired a new stake in Procter & Gamble during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $151.80 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The firm has a market capitalization of $352.78 billion, a P/E ratio of 22.49, a P/E/G 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. The company’s fifty day moving average price is $144.89 and its 200 day moving average price is $150.31.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same quarter last year, the company posted $1.88 earnings per share. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders 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 yield of 2.8%. Procter & Gamble’s payout ratio is currently 62.67%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 95,903 shares of the 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 completion of the sale, the insider owned 182,607 shares in the company, valued at $27,601,048.05. This represents a 34.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PG. BNP Paribas Exane cut their price objective on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price target for the company from $157.00 to $165.00 in a research report 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 shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their target price for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Thirteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Procter & Gamble 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.