Edgar Lomax Co. VA Sells 39,880 Shares of Procter & Gamble Company (The) $PG

Edgar Lomax Co. VA trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 23.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 133,270 shares of the company’s stock after selling 39,880 shares during the quarter. Procter & Gamble accounts for approximately 1.6% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 26th largest holding. Edgar Lomax Co. VA’s holdings in Procter & Gamble were worth $20,477,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble in the 3rd quarter worth about $25,000. Corundum Trust Company INC purchased a new stake in shares of Procter & Gamble in the third quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Procter & Gamble in the third quarter worth approximately $34,000. Marquette Asset Management LLC purchased a new position in Procter & Gamble during the 3rd quarter worth $37,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at $40,000. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, Chairman Jon R. Moeller sold 162,232 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the transaction, the chairman owned 319,385 shares in the company, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This trade represents a 50.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 348,618 shares of company stock worth $55,462,643 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

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Procter & Gamble Stock Down 2.8%

NYSE:PG opened at $153.94 on Friday. The company’s 50-day simple moving average is $152.17 and its 200-day simple moving average is $151.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The stock has a market capitalization of $357.76 billion, a P/E ratio of 22.81, a P/E/G ratio of 5.29 and a beta of 0.37.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter in the prior year, the company posted $1.88 earnings per share. Procter & Gamble’s revenue for the quarter 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. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, January 23rd. Procter & Gamble’s payout ratio is 62.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane dropped their price target 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. UBS Group upped their price objective on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Piper Sandler initiated coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They set a “neutral” rating and a $150.00 target price on the stock. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price target for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. Finally, Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.33.

Read Our Latest Stock Report on PG

Procter & Gamble Profile

(Free Report)

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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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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