Cape ANN Savings Bank Decreases Stake in Procter & Gamble Company (The) $PG

Cape ANN Savings Bank cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,069 shares of the company’s stock after selling 339 shares during the quarter. Procter & Gamble makes up approximately 1.8% of Cape ANN Savings Bank’s portfolio, making the stock its 12th biggest position. Cape ANN Savings Bank’s holdings in Procter & Gamble were worth $3,038,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PG. Benjamin Edwards Inc. boosted its position in shares of Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after acquiring an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company’s stock valued at $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors increased its stake in Procter & Gamble by 6.0% in the first quarter. World Investment Advisors now owns 50,913 shares of the company’s stock valued at $8,677,000 after purchasing an additional 2,886 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Procter & Gamble by 26.4% during the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company’s stock worth $20,451,000 after purchasing an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC lifted its position in shares of Procter & Gamble by 8.7% during the 1st quarter. Kelly Financial Services LLC now owns 1,727 shares of the company’s stock worth $294,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. BNP Paribas reissued an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Barclays reduced their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Saturday, September 27th. Finally, UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average price target of $173.11.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the sale, the chief executive officer directly owned 27,295 shares in the company, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the completion of the transaction, the insider owned 28,436 shares of the company’s stock, valued at $4,459,902.24. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.1%

Shares of NYSE:PG opened at $152.19 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $155.51 and its 200-day simple moving average is $160.06. The company has a market cap of $356.20 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.01 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter last year, the firm earned $1.40 earnings per share. The firm’s revenue was up 1.7% 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 research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.