Procter & Gamble Company (The) $PG Shares Acquired by Westside Investment Management Inc.

Westside Investment Management Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,357 shares of the company’s stock after buying an additional 439 shares during the period. Westside Investment Management Inc.’s holdings in Procter & Gamble were worth $696,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AAF Wealth Management LLC boosted its position in shares of Procter & Gamble by 7.5% during the second quarter. AAF Wealth Management LLC now owns 1,731 shares of the company’s stock worth $276,000 after buying an additional 121 shares during the period. South Dakota Investment Council lifted its position in Procter & Gamble by 2.8% in the second quarter. South Dakota Investment Council now owns 42,579 shares of the company’s stock worth $6,784,000 after purchasing an additional 1,150 shares during the period. State of Michigan Retirement System lifted its position in Procter & Gamble by 0.4% in the second quarter. State of Michigan Retirement System now owns 661,137 shares of the company’s stock worth $105,332,000 after purchasing an additional 2,400 shares during the period. Aurdan Capital Management LLC raised its position in Procter & Gamble by 6.6% in the second quarter. Aurdan Capital Management LLC now owns 3,211 shares of the company’s stock worth $512,000 after acquiring an additional 200 shares in the last quarter. Finally, Palogic Value Management L.P. raised its position in Procter & Gamble by 5.1% in the second quarter. Palogic Value Management L.P. now owns 12,126 shares of the company’s stock worth $1,932,000 after acquiring an additional 586 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PG shares. Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Barclays dropped their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.53.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the firm’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 $74,592.70. Following the completion of the sale, the insider directly owned 12,616 shares in the company, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 150,488 shares of company stock valued at $23,529,718 in the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 1.6%

Procter & Gamble stock opened at $147.90 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The company has a market capitalization of $345.61 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company’s fifty day moving average price is $153.72 and its two-hundred day moving average price is $157.61.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Procter & Gamble Profile

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.