Verity & Verity LLC Sells 1,286 Shares of Procter & Gamble Company (The) $PG

Verity & Verity LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,630 shares of the company’s stock after selling 1,286 shares during the quarter. Verity & Verity LLC’s holdings in Procter & Gamble were worth $12,527,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in 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 during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Procter & Gamble by 120.7% during 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 increased its stake in shares of Procter & Gamble by 36.2% during the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Procter & Gamble during the 2nd quarter worth approximately $34,684,000. Finally, First Citizens Bank & Trust Co. grew its holdings in Procter & Gamble by 12.8% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 156,874 shares of the company’s stock valued at $24,993,000 after buying an additional 17,836 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 3,535 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 $538,133.05. Following the completion of the transaction, the chief executive officer directly owned 34,816 shares in the company, valued at approximately $5,300,039.68. This represents a 9.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jon R. Moeller sold 11,684 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 $1,778,655.32. Following the transaction, the chief executive officer owned 319,932 shares in the company, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, November 19th. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Bank of America dropped their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Procter & Gamble Trading Up 0.6%

Shares of PG opened at $147.86 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43. The firm has a market cap of $345.51 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.87 and a beta of 0.36. The business’s fifty day moving average is $150.55 and its 200-day moving average is $156.03.

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 the consensus estimate of $1.90 by $0.09. The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders 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 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s 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.