Cidel Asset Management Inc. Increases Stock Position in Procter & Gamble Company (The) $PG

Cidel Asset Management Inc. lifted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,266 shares of the company’s stock after buying an additional 519 shares during the period. Cidel Asset Management Inc.’s holdings in Procter & Gamble were worth $12,310,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Procter & Gamble by 3.3% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 46,258 shares of the company’s stock valued at $7,370,000 after buying an additional 1,480 shares during the period. Sigma Investment Counselors Inc. lifted its holdings in shares of Procter & Gamble by 2.0% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 33,020 shares of the company’s stock valued at $5,261,000 after buying an additional 637 shares during the period. Wingate Wealth Advisors Inc. lifted its holdings in shares of Procter & Gamble by 12.3% in the 2nd quarter. Wingate Wealth Advisors Inc. now owns 2,144 shares of the company’s stock valued at $342,000 after buying an additional 234 shares during the period. Planned Solutions Inc. lifted its holdings in shares of Procter & Gamble by 2.1% in the 2nd quarter. Planned Solutions Inc. now owns 4,142 shares of the company’s stock valued at $660,000 after buying an additional 84 shares during the period. Finally, Kelman Lazarov Inc. lifted its holdings in shares of Procter & Gamble by 2.8% in the 2nd quarter. Kelman Lazarov Inc. now owns 5,370 shares of the company’s stock valued at $856,000 after buying an additional 145 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares of the company’s stock, valued at $8,279,007.34. This represents a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on PG shares. Berenberg Bank raised their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. reduced their price target on Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a report on Friday, October 10th. BNP Paribas reissued an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Barclays decreased their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, Bank of America decreased their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.21.

Procter & Gamble Stock Performance

NYSE PG opened at $151.53 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 fifty-two week low of $146.96 and a fifty-two week high of $180.43. The business has a fifty day moving average of $154.92 and a 200-day moving average of $158.77. The stock has a market cap of $354.66 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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 business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the prior year, the business earned $1.40 earnings per share. The business’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. As a group, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 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.