Catalina Capital Group LLC Decreases Holdings in Procter & Gamble Company (The) $PG

Catalina Capital Group LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 31.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,421 shares of the company’s stock after selling 1,093 shares during the quarter. Catalina Capital Group LLC’s holdings in Procter & Gamble were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. DMKC Advisory Services LLC raised its stake in Procter & Gamble by 14.2% during the 2nd quarter. DMKC Advisory Services LLC now owns 13,098 shares of the company’s stock valued at $2,038,000 after buying an additional 1,626 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in Procter & Gamble by 18.0% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 39,333 shares of the company’s stock valued at $6,267,000 after buying an additional 6,009 shares during the last quarter. Access Financial Services Inc. raised its stake in Procter & Gamble by 0.6% during the 2nd quarter. Access Financial Services Inc. now owns 10,889 shares of the company’s stock valued at $1,735,000 after buying an additional 65 shares during the last quarter. Philip James Wealth Mangement LLC raised its stake in Procter & Gamble by 9.2% during the 2nd quarter. Philip James Wealth Mangement LLC now owns 5,676 shares of the company’s stock valued at $904,000 after buying an additional 477 shares during the last quarter. Finally, Viewpoint Investment Partners Corp purchased a new stake in Procter & Gamble during the 2nd quarter valued at $360,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Berenberg Bank boosted their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Barclays cut their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday. Evercore ISI reissued an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.11.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Susan Street Whaley sold 1,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $156.84, for a total transaction of $156,840.00. Following the completion of the sale, the insider owned 28,436 shares in the company, valued at approximately $4,459,902.24. The trade was a 3.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.7%

Shares of Procter & Gamble stock opened at $152.06 on Friday. The company has a market capitalization of $355.90 billion, a P/E ratio of 23.36, a P/E/G ratio of 4.04 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a fifty day moving average of $155.63 and a 200 day moving average of $160.17. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 annualized dividend and a yield of 2.8%. Procter & Gamble’s payout ratio is presently 64.82%.

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.