Carderock Capital Management Inc. Purchases New Holdings in Procter & Gamble Company (The) $PG

Carderock Capital Management Inc. purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,075 shares of the company’s stock, valued at approximately $171,000.

A number of other large investors have also bought and sold shares of the company. Moody National Bank Trust Division increased its position in Procter & Gamble by 1.4% in the second quarter. Moody National Bank Trust Division now owns 29,562 shares of the company’s stock worth $4,710,000 after buying an additional 395 shares during the last quarter. Security National Bank increased its position in Procter & Gamble by 1,630.2% in the second quarter. Security National Bank now owns 11,990 shares of the company’s stock worth $1,910,000 after buying an additional 11,297 shares during the last quarter. Global Financial Private Client LLC increased its position in Procter & Gamble by 1.5% in the second quarter. Global Financial Private Client LLC now owns 14,021 shares of the company’s stock worth $2,234,000 after buying an additional 207 shares during the last quarter. ARS Wealth Advisors Group LLC increased its position in Procter & Gamble by 1.7% in the second quarter. ARS Wealth Advisors Group LLC now owns 122,184 shares of the company’s stock worth $19,466,000 after buying an additional 2,010 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its position in Procter & Gamble by 3.3% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 891,326 shares of the company’s stock worth $142,006,000 after buying an additional 28,661 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at approximately $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PG shares. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Wells Fargo & Company reduced their price target on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. BNP Paribas reissued an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $173.94.

Procter & Gamble Trading Down 1.9%

Shares of PG stock opened at $157.32 on Friday. 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 business has a 50-day moving average price of $156.17 and a two-hundred day moving average price of $161.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The firm has a market cap of $368.21 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 4.23 and a beta of 0.36.

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

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble’s payout ratio is currently 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.