Schmidt P J Investment Management Inc. Sells 155 Shares of Procter & Gamble Company (The) $PG

Schmidt P J Investment Management Inc. trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,875 shares of the company’s stock after selling 155 shares during the period. Procter & Gamble comprises 2.0% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 12th biggest holding. Schmidt P J Investment Management Inc.’s holdings in Procter & Gamble were worth $11,056,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $31,000. Quarry LP purchased a new stake in Procter & Gamble in the 1st quarter valued at about $33,000. 10Elms LLP purchased a new stake in Procter & Gamble in the 4th quarter valued at about $34,000. Mizuho Securities Co. Ltd. boosted its position in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock valued at $34,000 after buying an additional 170 shares during the period. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at about $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI reiterated an “in-line” rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an “equal weight” rating in a research note on Thursday, July 31st. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.12.

Procter & Gamble Trading Up 0.4%

Shares of Procter & Gamble stock opened at $159.60 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The firm has a market capitalization of $373.54 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 4.20 and a beta of 0.36. The firm’s 50 day simple moving average is $156.37 and its two-hundred day simple moving average is $162.12.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Analysts predict 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 Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Insider Transactions at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares in the company, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Street Whaley sold 1,000 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider owned 28,436 shares in the company, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is owned by corporate insiders.

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.