Aries Wealth Management Has $3.51 Million Stock Position in Procter & Gamble Company (The) $PG

Aries Wealth Management reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,002 shares of the company’s stock after selling 292 shares during the period. Procter & Gamble makes up approximately 0.9% of Aries Wealth Management’s holdings, making the stock its 28th biggest holding. Aries Wealth Management’s holdings in Procter & Gamble were worth $3,505,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Sagespring Wealth Partners LLC raised its holdings in Procter & Gamble by 0.5% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 50,888 shares of the company’s stock worth $8,107,000 after buying an additional 239 shares during the period. Boston Trust Walden Corp raised its holdings in Procter & Gamble by 6.2% during the 2nd quarter. Boston Trust Walden Corp now owns 512,119 shares of the company’s stock worth $81,591,000 after buying an additional 29,796 shares during the period. Frazier Financial Advisors LLC raised its holdings in Procter & Gamble by 5.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 4,123 shares of the company’s stock worth $657,000 after buying an additional 206 shares during the period. Morningstar Investment Management LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $552,000. Finally, Harbour Trust & Investment Management Co grew its stake in shares of Procter & Gamble by 1.4% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 13,246 shares of the company’s stock worth $2,110,000 after acquiring an additional 177 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

NYSE:PG opened at $149.18 on Wednesday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $155.15 and a 200 day simple moving average of $159.20. The stock has a market capitalization of $349.15 billion, a PE ratio of 22.92, a P/E/G ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the business earned $1.40 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed 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. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s payout ratio is 64.82%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the transaction, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on PG. Barclays decreased their price target 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. BNP Paribas Exane decreased their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Finally, 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. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

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.