Procter & Gamble Company (The) $PG Stock Position Decreased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,515 shares of the company’s stock after selling 1,282 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Procter & Gamble were worth $24,936,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the 1st quarter worth $26,000. Signature Resources Capital Management LLC grew its position in shares of Procter & Gamble by 67.9% during 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 last quarter. Quarry LP bought a new position in shares of Procter & Gamble during the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble in the 2nd quarter worth about $37,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Trading Down 0.6%

Shares of PG stock opened at $147.09 on Wednesday. The stock has a 50-day simple moving average of $153.54 and a 200 day simple moving average of $157.45. Procter & Gamble Company has a fifty-two week low of $146.25 and a fifty-two week high of $180.43. The stock has a market capitalization of $343.71 billion, a P/E ratio of 21.47, a P/E/G ratio of 3.87 and a beta of 0.36. 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 (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter last year, the business posted $1.93 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Activity

In related news, COO Shailesh Jejurikar sold 3,986 shares of the firm’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 transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on 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 directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 150,488 shares of company stock valued at $23,529,718 in the last ninety days. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PG shares. Wells Fargo & Company decreased 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. Dbs Bank raised Procter & Gamble to a “moderate buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Berenberg Bank increased their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Finally, Barclays decreased their price objective on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Twelve 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.com, Procter & Gamble has an average rating of “Moderate Buy” and a consensus price target of $171.53.

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.