Procter & Gamble Company (The) $PG Shares Bought by Wambolt & Associates LLC

Wambolt & Associates LLC raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 22,391 shares of the company’s stock after acquiring an additional 2,995 shares during the quarter. Procter & Gamble makes up 1.2% of Wambolt & Associates LLC’s investment portfolio, making the stock its 22nd largest position. Wambolt & Associates LLC’s holdings in Procter & Gamble were worth $3,610,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PG. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble in the 1st quarter worth about $26,000. Signature Resources Capital Management LLC boosted its stake in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP purchased a new stake in shares of Procter & Gamble during the first quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at $34,000. Finally, RMG Wealth Management LLC purchased a new position in Procter & Gamble in the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $148.46 on Wednesday. The firm has a 50 day simple moving average of $150.36 and a 200-day simple moving average of $155.97. The stock has a market cap of $346.90 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a 1-year low of $144.09 and a 1-year high of $180.43.

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. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th 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, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gary A. Coombe sold 3,535 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the sale, the chief executive officer owned 34,816 shares of the company’s stock, valued at approximately $5,300,039.68. This represents a 9.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 31,308 shares of company stock worth $4,768,692 in the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of research reports. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Barclays dropped their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Berenberg Bank raised their target price 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. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research report on Monday, October 27th. Finally, Raymond James Financial reduced their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.