Metis Global Partners LLC Lowers Position in Procter & Gamble Company (The) $PG

Metis Global Partners LLC decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 9.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 120,049 shares of the company’s stock after selling 13,141 shares during the period. Metis Global Partners LLC’s holdings in Procter & Gamble were worth $19,126,000 as of its most recent filing with the Securities & Exchange Commission.

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 in the first quarter worth about $26,000. Signature Resources Capital Management LLC grew its holdings in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP bought a new stake in Procter & Gamble in the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake 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 valued at approximately $37,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 11,638 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 value of $1,830,308.26. Following the completion of the sale, the chief financial officer directly owned 52,642 shares in the company, valued at $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,488 shares of company stock worth $23,529,718 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Berenberg Bank boosted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Raymond James Financial lowered their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. UBS Group reduced their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Twelve 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 an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Stock Performance

PG stock opened at $146.90 on Friday. The firm has a market cap of $343.28 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.87 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $144.46 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 business’s fifty day simple moving average is $152.93 and its two-hundred day simple moving average is $157.16.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is 61.61%.

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.