Procter & Gamble Company (The) $PG Shares Purchased by Spinnaker Trust

Spinnaker Trust boosted its position in Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,743 shares of the company’s stock after acquiring an additional 1,125 shares during the quarter. Spinnaker Trust’s holdings in Procter & Gamble were worth $6,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. acquired a new position in Procter & Gamble in the first quarter valued at $26,000. Signature Resources Capital Management LLC lifted its stake in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.8%

Shares of NYSE PG opened at $148.63 on Thursday. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The firm has a market cap of $347.32 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.95 and a beta of 0.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The stock’s 50-day simple moving average is $154.23 and its 200-day simple moving average is $158.09.

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. 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 period in the previous year, the company earned $1.93 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.75%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a research note on Tuesday. Raymond James Financial reduced their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. UBS Group reduced their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Bank of America reduced their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $171.53.

Insider Transactions at Procter & Gamble

In related news, CEO Jennifer L. Davis sold 3,227 shares of the business’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 $491,246.21. Following the completion of the sale, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jon R. Moeller sold 11,684 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 $1,778,655.32. Following the completion of the sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This represents a 3.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 149,763 shares of company stock valued at $23,421,279 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Company 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.