Assetmark Inc. Reduces Holdings in Procter & Gamble Company (The) $PG

Assetmark Inc. lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 10.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,363,992 shares of the company’s stock after selling 164,931 shares during the quarter. Assetmark Inc.’s holdings in Procter & Gamble were worth $209,577,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. WP Advisors LLC raised its position in shares of Procter & Gamble by 4.9% in the 2nd quarter. WP Advisors LLC now owns 1,405 shares of the company’s stock valued at $224,000 after purchasing an additional 66 shares in the last quarter. Emprise Bank grew its holdings in Procter & Gamble by 2.5% in the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after buying an additional 68 shares in the last quarter. Affiance Financial LLC boosted its position in Procter & Gamble by 2.5% during the 3rd quarter. Affiance Financial LLC now owns 2,803 shares of the company’s stock worth $431,000 after acquiring an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Procter & Gamble by 12.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 621 shares of the company’s stock worth $99,000 after acquiring an additional 71 shares during the period. Finally, Dominguez Wealth Management Solutions Inc. boosted its holdings in shares of Procter & Gamble by 0.3% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 20,464 shares of the company’s stock valued at $3,144,000 after acquiring an additional 71 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PG. Piper Sandler started coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price target for the company. UBS Group lifted their price target on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen downgraded Procter & Gamble from a “buy” rating to a “hold” rating and increased their price objective for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Raymond James Financial reduced their target price on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Rothschild & Co Redburn boosted their target price on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Thirteen investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.67.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total transaction of $1,264,000.00. Following the transaction, the chief executive officer owned 6,571 shares of the company’s stock, valued at approximately $1,038,218. This represents a 54.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction dated 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 owned 182,607 shares in the company, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.8%

Procter & Gamble stock opened at $161.27 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $146.80 and a two-hundred day moving average price of $150.44. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $179.99. The stock has a market cap of $374.79 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 5.32 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results 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 net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. The company’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, equities analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

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.