Franklin Street Advisors Inc. NC Trims Stake in Procter & Gamble Company (The) $PG

Franklin Street Advisors Inc. NC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 12.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,628 shares of the company’s stock after selling 7,853 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Procter & Gamble were worth $8,547,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Procter & Gamble

In other 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 transaction of $606,788.78. Following the completion of the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Street Whaley sold 2,408 shares of the firm’s 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 $366,569.84. Following the completion of the transaction, the insider owned 31,770 shares in the company, valued at $4,836,347.10. The trade was a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 30,308 shares of company stock worth $4,611,852. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PG. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research report on Monday, October 27th. Dbs Bank raised Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. lowered their price objective on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and upped their target price for the company from $156.00 to $179.00 in a research note on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.38.

Procter & Gamble Stock Down 0.8%

Shares of PG opened at $144.39 on Friday. Procter & Gamble Company has a fifty-two week low of $138.14 and a fifty-two week high of $179.99. The company’s fifty day moving average is $147.32 and its two-hundred day moving average is $153.56. The firm has a market cap of $337.41 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 4.89 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $22.23 billion. During the same period last year, the company posted $1.93 EPS. The business’s quarterly 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. Analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.75%.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.