Procter & Gamble Company (The) $PG Stock Holdings Trimmed by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 3,694 shares of the company’s stock after selling 120 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Procter & Gamble were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Sage Mountain Advisors LLC raised its stake in Procter & Gamble by 12.7% during the 2nd quarter. Sage Mountain Advisors LLC now owns 18,778 shares of the company’s stock valued at $2,992,000 after acquiring an additional 2,111 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Procter & Gamble by 315.9% in the 2nd quarter. AlphaQuest LLC now owns 5,560 shares of the company’s stock worth $886,000 after buying an additional 4,223 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Procter & Gamble by 3.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,142,944 shares of the company’s stock worth $978,694,000 after buying an additional 176,482 shares in the last quarter. West Michigan Advisors LLC raised its stake in shares of Procter & Gamble by 3.7% in the 2nd quarter. West Michigan Advisors LLC now owns 10,444 shares of the company’s stock worth $1,664,000 after buying an additional 375 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its stake in shares of Procter & Gamble by 1.3% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 37,363 shares of the company’s stock worth $5,953,000 after buying an additional 475 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Evercore ISI restated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Raymond James Financial decreased their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Finally, Bank of America decreased their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.68.

Insider Activity

In related news, CFO Andre Schulten sold 4,252 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 $647,281.96. Following the completion of the sale, the chief financial officer owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This trade represents a 7.30% 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 Jon R. Moeller sold 11,684 shares of Procter & Gamble stock in a transaction on 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 sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. The trade was a 3.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of PG stock opened at $152.62 on Friday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $357.21 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 4.04 and a beta of 0.36. The stock’s fifty day simple moving average is $154.66 and its 200-day simple moving average is $158.41.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. Procter & Gamble’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. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is currently 64.98%.

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.