Modern Wealth Management LLC Has $11.01 Million Stock Holdings in Procter & Gamble Company (The) $PG

Modern Wealth Management LLC lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,626 shares of the company’s stock after purchasing an additional 8,480 shares during the quarter. Modern Wealth Management LLC’s holdings in Procter & Gamble were worth $11,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the first quarter valued at about $26,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter worth about $31,000. Quarry LP acquired a new position in shares of Procter & Gamble during the 1st quarter valued at about $33,000. 10Elms LLP bought a new position in shares of Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. lifted its holdings in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several analyst reports. BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company cut their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $175.12.

Insiders Place Their Bets

In related news, CFO Andre Schulten sold 11,638 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The sale 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 sale, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

NYSE PG opened at $158.63 on Friday. The company’s fifty day moving average is $156.26 and its two-hundred day moving average is $162.00. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a market capitalization of $371.27 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 4.15 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 quarter last year, the company 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. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s dividend payout ratio (DPR) is presently 64.82%.

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.