Penobscot Investment Management Company Inc. Sells 5,680 Shares of Procter & Gamble Company (The) $PG

Penobscot Investment Management Company Inc. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.7% during the second quarter, Holdings Channel.com reports. The firm owned 68,009 shares of the company’s stock after selling 5,680 shares during the quarter. Procter & Gamble accounts for 0.9% of Penobscot Investment Management Company Inc.’s portfolio, making the stock its 27th biggest holding. Penobscot Investment Management Company Inc.’s holdings in Procter & Gamble were worth $10,835,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PG. Brighton Jones LLC increased its stake in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the period. Taylor Financial Group Inc. increased its stake in Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after acquiring an additional 277 shares during the period. Intellectus Partners LLC increased its stake in Procter & Gamble by 12.2% during the 1st quarter. Intellectus Partners LLC now owns 4,746 shares of the company’s stock worth $809,000 after acquiring an additional 516 shares during the period. McNamara Financial Services Inc. increased its stake in Procter & Gamble by 37.9% during the 1st quarter. McNamara Financial Services Inc. now owns 3,045 shares of the company’s stock worth $519,000 after acquiring an additional 837 shares during the period. Finally, Sovereign Financial Group Inc. increased its stake in Procter & Gamble by 20.7% during the 1st quarter. Sovereign Financial Group Inc. now owns 5,758 shares of the company’s stock worth $981,000 after acquiring an additional 987 shares during the period. Institutional investors own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In related news, CEO Gary A. Coombe sold 10,194 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares of the company’s stock, valued at $5,532,120.48. This trade represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jennifer L. Davis sold 8,596 shares of the firm’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 $1,351,892.92. Following the sale, the chief executive officer directly owned 64,991 shares in the company, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on PG shares. Berenberg Bank raised their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Barclays lowered their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday. BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, UBS Group set a $180.00 target price on Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.11.

Procter & Gamble Trading Up 0.1%

NYSE PG opened at $152.19 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market cap of $356.20 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. The business’s fifty day moving average is $155.51 and its 200 day moving average is $160.00.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is 64.98%.

About Procter & Gamble

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.