Meritage Portfolio Management Sells 1,274 Shares of Procter & Gamble Company (The) $PG

Meritage Portfolio Management trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 57,966 shares of the company’s stock after selling 1,274 shares during the quarter. Meritage Portfolio Management’s holdings in Procter & Gamble were worth $9,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Orca Investment Management LLC increased its holdings in Procter & Gamble by 2.0% in the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock worth $516,000 after acquiring an additional 64 shares during the last quarter. CWM LLC raised its position in shares of Procter & Gamble by 7.5% in the second quarter. CWM LLC now owns 525,837 shares of the company’s stock valued at $83,776,000 after purchasing an additional 36,752 shares during the period. OFI Invest Asset Management raised its position in shares of Procter & Gamble by 6.0% in the second quarter. OFI Invest Asset Management now owns 388,480 shares of the company’s stock valued at $61,893,000 after purchasing an additional 22,040 shares during the period. Wealth Advisory Team LLC bought a new stake in shares of Procter & Gamble in the second quarter valued at approximately $914,000. Finally, Franklin Parlapiano Turner & Welch LLC raised its position in shares of Procter & Gamble by 0.4% in the second quarter. Franklin Parlapiano Turner & Welch LLC now owns 50,925 shares of the company’s stock valued at $8,113,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $149.69 on Monday. The business’s 50-day moving average price is $155.24 and its two-hundred day moving average price is $159.41. Procter & Gamble Company has a twelve month low of $149.45 and a twelve month high of $180.43. The stock has a market cap of $350.34 billion, a P/E ratio of 22.99, a PEG ratio of 3.97 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) 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 analyst estimates of $20.79 billion. During the same period in the previous year, the business posted $1.40 earnings per share. Procter & Gamble’s revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Analyst Ratings Changes

PG has been the topic of several recent research reports. BNP Paribas restated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Evercore ISI restated an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider owned 182,422 shares in the company, valued at $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 149,763 shares of company stock valued at $23,421,279 in the last three months. 0.20% of the stock is owned by corporate insiders.

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.