Oak Harvest Investment Services Reduces Holdings in Procter & Gamble Company (The) $PG

Oak Harvest Investment Services cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,108 shares of the company’s stock after selling 10,600 shares during the period. Oak Harvest Investment Services’ holdings in Procter & Gamble were worth $4,933,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after acquiring an additional 3,189,111 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in shares of Procter & Gamble by 655,209.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after buying an additional 76,017,350 shares during the last quarter. Geode Capital Management LLC increased its position in Procter & Gamble by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after acquiring an additional 1,060,713 shares during the period. Norges Bank acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $5,099,644,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Procter & Gamble by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after purchasing an additional 294,673 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.1%

Shares of Procter & Gamble stock opened at $144.54 on Tuesday. The company has a 50-day moving average of $146.66 and a two-hundred day moving average of $152.58. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The stock has a market cap of $337.74 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS 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 quarter in the previous year, the company earned $1.93 EPS. The company’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. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. 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 61.61%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America decreased their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Barclays lowered their price objective on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a report on Monday, December 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 22nd. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $171.38.

Insider Transactions at Procter & Gamble

In related news, CEO Gary A. Coombe sold 3,535 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $538,133.05. Following the completion of the transaction, the chief executive officer owned 34,816 shares of the company’s stock, valued at approximately $5,300,039.68. The trade was a 9.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the transaction, the chief accounting officer directly owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 30,308 shares of company stock worth $4,611,852 in the last 90 days. Insiders own 0.20% of the company’s stock.

Procter & Gamble 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.