Iowa State Bank Cuts Position in Procter & Gamble Company (The) $PG

Iowa State Bank lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 39,864 shares of the company’s stock after selling 129 shares during the period. Procter & Gamble comprises about 1.3% of Iowa State Bank’s portfolio, making the stock its 25th biggest position. Iowa State Bank’s holdings in Procter & Gamble were worth $6,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Relyea Zuckerberg Hanson LLC increased its holdings in Procter & Gamble by 3.0% in the second quarter. Relyea Zuckerberg Hanson LLC now owns 25,782 shares of the company’s stock valued at $4,108,000 after buying an additional 750 shares in the last quarter. Belpointe Asset Management LLC increased its stake in Procter & Gamble by 25.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 30,223 shares of the company’s stock valued at $4,815,000 after purchasing an additional 6,153 shares in the last quarter. Confluence Wealth Services Inc. increased its stake in Procter & Gamble by 0.3% in the 2nd quarter. Confluence Wealth Services Inc. now owns 44,224 shares of the company’s stock valued at $7,046,000 after purchasing an additional 134 shares in the last quarter. Gratus Wealth Advisors LLC raised its holdings in Procter & Gamble by 0.5% during the second quarter. Gratus Wealth Advisors LLC now owns 13,746 shares of the company’s stock worth $2,190,000 after purchasing an additional 69 shares during the last quarter. Finally, Eads & Heald Wealth Management boosted its position in Procter & Gamble by 0.8% during the second quarter. Eads & Heald Wealth Management now owns 14,175 shares of the company’s stock worth $2,258,000 after purchasing an additional 114 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research report on Wednesday. BNP Paribas restated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday, September 27th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company reduced their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $173.11.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares of the company’s stock, valued at approximately $6,624,689.76. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Stock Up 0.1%

Shares of NYSE:PG opened at $152.19 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market cap of $356.20 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 4.02 and a beta of 0.36. The stock’s 50-day moving average price is $155.51 and its two-hundred day moving average price is $159.95. 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 data 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. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the firm posted $1.40 EPS. The company’s revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid 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 payout ratio is currently 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.