AGF Management Ltd. Reduces Stock Position in Procter & Gamble Company (The) $PG

AGF Management Ltd. lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 83.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,885 shares of the company’s stock after selling 418,373 shares during the quarter. AGF Management Ltd.’s holdings in Procter & Gamble were worth $12,735,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PG. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble during the third quarter valued at $25,000. Corundum Trust Company INC acquired a new position in shares of Procter & Gamble during the 3rd quarter worth about $32,000. Mid American Wealth Advisory Group Inc. bought a new stake in Procter & Gamble in the 2nd quarter valued at $34,000. RMG Wealth Management LLC bought a new stake in Procter & Gamble in the 2nd quarter valued at $37,000. Finally, Marquette Asset Management LLC acquired a new position in Procter & Gamble in the third quarter worth about $37,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Procter & Gamble news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated 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 directly owned 182,607 shares in the company, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 1.0%

Procter & Gamble stock opened at $153.24 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The firm has a 50 day moving average price of $145.01 and a two-hundred day moving average price of $150.27. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99. The firm has a market cap of $356.13 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 5.04 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $22.36 billion. During the same period in the previous year, the business earned $1.88 EPS. The firm’s 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. Equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is currently 62.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, January 23rd. Piper Sandler started coverage on Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Rothschild & Co Redburn upped their price target on shares of Procter & Gamble from $155.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday, October 27th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.