Topsail Wealth Management LLC Decreases Holdings in Procter & Gamble Company (The) $PG

Topsail Wealth Management LLC trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,455 shares of the company’s stock after selling 457 shares during the period. Procter & Gamble accounts for 0.4% of Topsail Wealth Management LLC’s holdings, making the stock its 28th biggest position. Topsail Wealth Management LLC’s holdings in Procter & Gamble were worth $1,984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PG. Nova Wealth Management Inc. purchased a new position in Procter & Gamble during the first quarter valued at $26,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP purchased a new position in Procter & Gamble during the first quarter valued at $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble during the second quarter valued at $34,000. Finally, RMG Wealth Management LLC purchased a new position in Procter & Gamble during the second quarter valued at $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of PG stock opened at $152.62 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm’s 50-day moving average is $154.66 and its two-hundred day moving average is $158.41. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The company has a market capitalization of $357.21 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period last year, the business earned $1.93 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is currently 64.98%.

Analyst Ratings Changes

Several research firms have recently weighed in on PG. Berenberg Bank raised their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Procter & Gamble in a research note on Saturday. Finally, BNP Paribas reissued an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $171.68.

Insider Buying and Selling at Procter & Gamble

In related news, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $647,281.96. Following the completion of the transaction, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the transaction, the chief executive officer owned 61,764 shares of the company’s stock, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Profile

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.