Procter & Gamble Company (The) $PG Shares Sold by Wernau Asset Management Inc.

Wernau Asset Management Inc. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,871 shares of the company’s stock after selling 852 shares during the quarter. Procter & Gamble comprises 1.5% of Wernau Asset Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Wernau Asset Management Inc.’s holdings in Procter & Gamble were worth $2,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Winnow Wealth LLC acquired a new stake in Procter & Gamble during the second quarter worth approximately $73,000. Mizuho Securities Co. Ltd. increased its stake in shares of Procter & Gamble by 245.0% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 690 shares of the company’s stock valued at $110,000 after acquiring an additional 490 shares in the last quarter. PKS Advisory Services LLC lifted its position in shares of Procter & Gamble by 37.0% during the 2nd quarter. PKS Advisory Services LLC now owns 2,583 shares of the company’s stock valued at $412,000 after acquiring an additional 698 shares during the period. GDS Wealth Management boosted its stake in Procter & Gamble by 14.6% during the second quarter. GDS Wealth Management now owns 67,130 shares of the company’s stock worth $10,695,000 after acquiring an additional 8,575 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in Procter & Gamble by 5.2% in the second quarter. Ensign Peak Advisors Inc now owns 2,820,025 shares of the company’s stock worth $449,286,000 after purchasing an additional 140,205 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PG. UBS Group dropped their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research report on Monday, October 27th. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Barclays lowered their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Thursday, November 13th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Insider Activity

In related news, COO Shailesh Jejurikar sold 3,986 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 3,227 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 31,308 shares of company stock worth $4,768,692. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

PG opened at $146.79 on Thursday. Procter & Gamble Company has a fifty-two week low of $144.09 and a fifty-two week high of $180.43. The firm has a 50-day moving average of $151.10 and a 200 day moving average of $156.27. 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 firm has a market cap of $343.00 billion, a P/E ratio of 21.44, a PEG ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.99 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 analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 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.