K.J. Harrison & Partners Inc Has $1.61 Million Position in Procter & Gamble Company (The) $PG

K.J. Harrison & Partners Inc cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 32.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,110 shares of the company’s stock after selling 4,965 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Procter & Gamble were worth $1,611,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. bought a new position in Procter & Gamble in the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC grew its stake in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares in the last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $37,000. 65.77% of the stock is currently owned by institutional investors.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the sale, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jon R. Moeller sold 11,684 shares of the company’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the sale, the chief executive officer owned 319,932 shares in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 150,488 shares of company stock worth $23,529,718. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PG shares. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.53.

Procter & Gamble Trading Up 0.7%

Shares of PG stock opened at $150.70 on Monday. The firm has a market capitalization of $352.14 billion, a P/E ratio of 22.00, a P/E/G ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock’s fifty day simple moving average is $153.89 and its 200 day simple moving average is $157.77.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s payout ratio is 61.61%.

Procter & Gamble Company 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.