Prudential Financial Inc. Buys 7,503 Shares of Procter & Gamble Company (The) $PG

Prudential Financial Inc. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,825,747 shares of the company’s stock after buying an additional 7,503 shares during the quarter. Prudential Financial Inc.’s holdings in Procter & Gamble were worth $290,878,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. MOKAN Wealth Management Inc. grew its stake in Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after buying an additional 1,846 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after acquiring an additional 199,258 shares during the period. Caliber Wealth Management LLC KS boosted its holdings in shares of Procter & Gamble by 36.2% in the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after acquiring an additional 4,730 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $34,684,000. Finally, First Citizens Bank & Trust Co. lifted its holdings in Procter & Gamble by 12.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 156,874 shares of the company’s stock worth $24,993,000 after purchasing an additional 17,836 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at $7,139,434.77. This represents a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $647,281.96. Following the transaction, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 31,308 shares of company stock valued at $4,768,692. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Up 1.8%

Shares of PG opened at $150.84 on Friday. Procter & Gamble Company has a 1 year low of $144.09 and a 1 year high of $180.43. 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 stock has a 50 day simple moving average of $150.75 and a two-hundred day simple moving average of $156.14. The firm has a market cap of $352.47 billion, a P/E ratio of 22.02, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the business posted $1.93 EPS. The business’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, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PG shares. Dbs Bank raised Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Bank of America reduced their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. BNP Paribas Exane lowered their target price 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. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a report 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 report on Friday, August 15th. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.53.

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.