Prudent Man Advisors LLC Cuts Stake in Procter & Gamble Company (The) $PG

Prudent Man Advisors LLC cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 45.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 4,107 shares of the company’s stock after selling 3,404 shares during the quarter. Prudent Man Advisors LLC’s holdings in Procter & Gamble were worth $631,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Procter & Gamble in the second quarter worth approximately $5,099,644,000. Laurel Wealth Advisors LLC raised its stake in Procter & Gamble by 15,971.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock valued at $1,117,270,000 after purchasing an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after purchasing an additional 3,189,111 shares in the last quarter. Invesco Ltd. boosted its stake in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after purchasing an additional 2,880,895 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Procter & Gamble by 66.3% during the second quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock worth $877,014,000 after buying an additional 2,195,560 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 36,093 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. This represents a 50.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the completion of the sale, the insider owned 44,735 shares of the company’s stock, valued at $7,259,595.80. This trade represents a 25.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Down 1.8%

PG stock opened at $153.24 on Thursday. The firm has a market cap of $356.13 billion, a PE ratio of 22.70, a PEG ratio of 5.21 and a beta of 0.37. 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’s 50 day moving average price is $153.00 and its 200-day moving average price is $151.08. Procter & Gamble Company has a one year low of $137.62 and a one year high of $174.80.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The company had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

More Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: New product/partnership: Gillette Venus launched a limited-edition Gillette Venus x Rifle Paper Co. shave collection sold exclusively at Target — a targeted, design-driven SKU rollout that can drive incremental retail sales and brand engagement this season. Gillette Venus and Rifle Paper Co. Debut
• Positive Sentiment: Marketing push: Old Spice refreshed its high-profile “Mom Song” campaign with licensed music and a new creative push — such marketing often supports volume recovery in male grooming categories and helps defend share. Old Spice New Campaign
• Positive Sentiment: Analyst support: Recent analyst commentary and price-target raises (Wells Fargo lifted its PT to $177) reinforce a constructive longer-term view on staples stability and cash-flow-backed dividends. This can limit downside in a market dip. InsiderMonkey on P&G growth & Wells Fargo PT
• Positive Sentiment: Product upgrades: Coverage noting upgraded Mr. Clean and Gain lines suggests P&G is quietly refreshing core SKUs, supporting its brand moat and pricing power in household care categories. Are P&G’s Upgraded Mr. Clean and Gain Lines Redefining Its Moat?
• Neutral Sentiment: Income appeal: Multiple outlets (Investing.com, The Motley Fool) continue to list P&G as a Dividend King pick for investors seeking inflation protection and reliable payouts — supportive for steady demand but not an immediate catalyst. Worried About Inflation? These 2 Dividend Stocks 2 Unstoppable Dividend King Stocks
• Neutral Sentiment: Valuation/attention: Coverage highlighting recent share-price swings and valuation metrics has brought renewed scrutiny; that can increase short-term volatility as investors re-assess multiples versus peers. A Look At Procter & Gamble Valuation
• Negative Sentiment: Near-term selling: Zacks flagged that PG fell more steeply than the broader market in the latest session — immediate driver of today’s weakness as traders reacted to market-wide risk-off and rotational flows away from defensive names. Zacks: PG Falls More Steeply

Wall Street Analysts Forecast Growth

PG has been the topic of several research reports. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and raised their price target for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft cut their price objective 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. TD Cowen cut Procter & Gamble from a “buy” rating to a “hold” rating and boosted their target price for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Finally, Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.33.

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.