Kennon Green & Company LLC Sells 262 Shares of Procter & Gamble Company (The) $PG

Kennon Green & Company LLC lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.9% during the second quarter, HoldingsChannel.com reports. The fund owned 8,680 shares of the company’s stock after selling 262 shares during the quarter. Procter & Gamble accounts for about 1.1% of Kennon Green & Company LLC’s holdings, making the stock its 24th biggest position. Kennon Green & Company LLC’s holdings in Procter & Gamble were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR grew its position in shares of Procter & Gamble by 2.8% during the 2nd quarter. Generali Asset Management SPA SGR now owns 191,380 shares of the company’s stock worth $30,491,000 after buying an additional 5,125 shares during the period. Ritholtz Wealth Management boosted its stake in Procter & Gamble by 3.3% during the second quarter. Ritholtz Wealth Management now owns 79,842 shares of the company’s stock worth $12,720,000 after acquiring an additional 2,550 shares in the last quarter. Harbour Investments Inc. grew its holdings in Procter & Gamble by 8.1% in the second quarter. Harbour Investments Inc. now owns 243,127 shares of the company’s stock worth $38,735,000 after purchasing an additional 18,257 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its stake in Procter & Gamble by 21.2% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,303 shares of the company’s stock valued at $208,000 after purchasing an additional 228 shares in the last quarter. Finally, Sagespring Wealth Partners LLC raised its holdings in shares of Procter & Gamble by 0.5% during the second quarter. Sagespring Wealth Partners LLC now owns 50,888 shares of the company’s stock valued at $8,107,000 after purchasing an additional 239 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $149.18 on Wednesday. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $155.15 and a 200-day moving average price of $159.20. The company has a market cap of $349.15 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) 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 analysts’ expectations of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. Procter & Gamble’s quarterly 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. Equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 64.82%.

Insider Buying and Selling

In other news, CEO Gary A. Coombe sold 3,535 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $538,133.05. Following the transaction, the chief executive officer owned 34,816 shares in the company, valued at $5,300,039.68. The trade was a 9.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the completion of the transaction, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PG has been the subject of several research reports. Evercore ISI restated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Barclays reduced their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $172.21.

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.