RB Capital Management LLC Trims Stake in Procter & Gamble Company (The) $PG

RB Capital Management LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the 2nd quarter, Holdings Channel reports. The firm owned 12,735 shares of the company’s stock after selling 176 shares during the period. RB Capital Management LLC’s holdings in Procter & Gamble were worth $2,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. RDA Financial Network increased its position in Procter & Gamble by 323.8% in the 2nd quarter. RDA Financial Network now owns 7,904 shares of the company’s stock valued at $1,259,000 after acquiring an additional 6,039 shares during the period. Garde Capital Inc. increased its position in Procter & Gamble by 9.6% in the 2nd quarter. Garde Capital Inc. now owns 4,559 shares of the company’s stock valued at $726,000 after acquiring an additional 399 shares during the period. McLean Asset Management Corp increased its position in Procter & Gamble by 2.9% in the 2nd quarter. McLean Asset Management Corp now owns 2,657 shares of the company’s stock valued at $428,000 after acquiring an additional 76 shares during the period. Trust Co of the South increased its position in Procter & Gamble by 3.9% in the 2nd quarter. Trust Co of the South now owns 7,871 shares of the company’s stock valued at $1,254,000 after acquiring an additional 295 shares during the period. Finally, Park National Corp OH increased its position in Procter & Gamble by 8.9% in the 2nd quarter. Park National Corp OH now owns 269,826 shares of the company’s stock valued at $42,989,000 after acquiring an additional 22,089 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider owned 28,436 shares of the company’s stock, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock worth $18,918,012 in the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $158.02 on Friday. The business’s 50 day simple moving average is $156.21 and its 200-day simple moving average is $161.84. The firm has a market capitalization of $369.85 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 4.19 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate 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 return on equity of 32.69% and a net margin of 18.95%.The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s dividend payout ratio is presently 64.98%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PG. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Evercore ISI reiterated an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Wells Fargo & Company dropped their target price on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.12.

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.