Portside Wealth Group LLC Has $2.27 Million Position in Procter & Gamble Company (The) $PG

Portside Wealth Group LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.2% in the second quarter, Holdings Channel reports. The fund owned 14,271 shares of the company’s stock after acquiring an additional 573 shares during the period. Portside Wealth Group LLC’s holdings in Procter & Gamble were worth $2,274,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Inspire Advisors LLC grew its stake in Procter & Gamble by 5.3% during the second quarter. Inspire Advisors LLC now owns 2,066 shares of the company’s stock worth $329,000 after buying an additional 104 shares during the last quarter. Empowered Funds LLC grew its position in Procter & Gamble by 48.8% during the 2nd quarter. Empowered Funds LLC now owns 273,355 shares of the company’s stock worth $43,551,000 after acquiring an additional 89,664 shares during the last quarter. Vanguard Group Inc. increased its holdings in Procter & Gamble by 1.4% during 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. Invenio Wealth Partners LLC raised its position in Procter & Gamble by 34.8% in the 2nd quarter. Invenio Wealth Partners LLC now owns 4,715 shares of the company’s stock valued at $751,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in Procter & Gamble by 124.4% in the second quarter. Frank Rimerman Advisors LLC now owns 29,405 shares of the company’s stock worth $4,685,000 after purchasing an additional 16,302 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of PG stock opened at $145.81 on Tuesday. The firm’s 50 day moving average price is $151.56 and its two-hundred day moving average price is $156.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43. The stock has a market cap of $340.72 billion, a PE ratio of 21.29, a PEG ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the prior year, the company posted $1.93 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were issued a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Insider Buying and Selling

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the transaction, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the sale, the chief executive officer owned 319,932 shares of the company’s stock, valued at $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,056 shares of company stock worth $7,892,036 over the last ninety days. Insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

PG has been the subject of a number of research analyst reports. Barclays cut their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Bank of America reduced their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Berenberg Bank raised their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. UBS Group decreased their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Finally, BNP Paribas reissued an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.53.

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.