Clarity Wealth Development LLC Makes New $445,000 Investment in Procter & Gamble Company (The) $PG

Clarity Wealth Development LLC purchased a new position in Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,796 shares of the company’s stock, valued at approximately $445,000.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the first quarter valued at $26,000. Signature Resources Capital Management LLC raised its position in shares of Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the period. Quarry LP acquired a new position in shares of Procter & Gamble in the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth about $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 1.6%

Shares of NYSE:PG opened at $147.90 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43. The firm’s 50-day simple moving average is $153.72 and its 200-day simple moving average is $157.61. The company has a market cap of $345.61 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.87 and a beta of 0.36.

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

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is presently 61.61%.

Wall Street Analyst Weigh In

PG has been the subject of several analyst reports. UBS Group dropped their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. BNP Paribas restated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Finally, Dbs Bank upgraded shares of Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the transaction, the insider owned 182,422 shares of the company’s stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 150,488 shares of company stock valued at $23,529,718 in the last quarter. 0.20% of the stock is owned by corporate insiders.

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.