Knuff & Co LLC Sells 4,680 Shares of Procter & Gamble Company (The) $PG

Knuff & Co LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,346 shares of the company’s stock after selling 4,680 shares during the quarter. Procter & Gamble comprises about 4.7% of Knuff & Co LLC’s holdings, making the stock its 4th biggest holding. Knuff & Co LLC’s holdings in Procter & Gamble were worth $18,527,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Denali Advisors LLC grew its position in shares of Procter & Gamble by 1.3% in the 2nd quarter. Denali Advisors LLC now owns 6,772 shares of the company’s stock valued at $993,000 after buying an additional 87 shares during the last quarter. Patrick Mauro Investment Advisor INC. lifted its position in Procter & Gamble by 14.3% in the second quarter. Patrick Mauro Investment Advisor INC. now owns 35,666 shares of the company’s stock valued at $5,230,000 after acquiring an additional 4,453 shares during the last quarter. Catalyst Investment Management LLC lifted its position in Procter & Gamble by 7.6% in the second quarter. Catalyst Investment Management LLC now owns 2,054 shares of the company’s stock valued at $301,000 after acquiring an additional 145 shares during the last quarter. Sound Financial Strategies Group LLC boosted its stake in Procter & Gamble by 24.4% in the second quarter. Sound Financial Strategies Group LLC now owns 3,595 shares of the company’s stock valued at $527,000 after acquiring an additional 704 shares in the last quarter. Finally, Chancellor Financial Group WB LP boosted its stake in Procter & Gamble by 19.0% in the second quarter. Chancellor Financial Group WB LP now owns 10,721 shares of the company’s stock valued at $1,572,000 after acquiring an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PG. Sanford C. Bernstein began coverage on Procter & Gamble in a research report on Thursday, June 11th. They set a “market perform” rating and a $156.00 target price on the stock. HSBC reissued a “hold” rating and issued a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Evercore set a $162.00 price objective on Procter & Gamble in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $161.52.

Procter & Gamble Trading Up 0.1%

Shares of PG stock opened at $144.77 on Monday. The company has a market capitalization of $336.51 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.39. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $147.73 and its two-hundred day moving average is $148.66. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were issued a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is presently 65.71%.

About Procter & Gamble

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.