RWA Wealth Partners LLC Sells 3,942 Shares of Procter & Gamble Company (The) $PG

RWA Wealth Partners LLC trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 268,785 shares of the company’s stock after selling 3,942 shares during the quarter. Procter & Gamble comprises about 0.5% of RWA Wealth Partners LLC’s portfolio, making the stock its 28th biggest holding. RWA Wealth Partners LLC’s holdings in Procter & Gamble were worth $42,823,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. raised its holdings in shares of Procter & Gamble by 10.6% during the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock worth $493,000 after buying an additional 277 shares in the last quarter. Summit Wealth Group LLC lifted its position in shares of Procter & Gamble by 11.2% during the 1st quarter. Summit Wealth Group LLC now owns 7,437 shares of the company’s stock worth $1,267,000 after buying an additional 752 shares during the last quarter. Phillips Financial Management LLC lifted its position in shares of Procter & Gamble by 10.8% during the 1st quarter. Phillips Financial Management LLC now owns 1,667 shares of the company’s stock worth $284,000 after buying an additional 162 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Procter & Gamble by 1.0% in the first quarter. Cerity Partners LLC now owns 6,501,095 shares of the company’s stock valued at $1,107,917,000 after buying an additional 61,977 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

PG has been the subject of a number of research reports. Dbs Bank raised shares of Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. increased their price objective on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Bank of America cut their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a report on Monday, October 27th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.53.

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the completion of the sale, the insider owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jon R. Moeller sold 40,119 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the completion of the sale, the chief executive officer owned 319,375 shares of the company’s stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 150,488 shares of company stock worth $23,529,718. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.5%

Shares of NYSE PG opened at $146.90 on Friday. The company’s 50 day moving average price is $152.93 and its 200-day moving average price is $157.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a 52-week low of $144.46 and a 52-week high of $180.43. The company has a market capitalization of $343.28 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its earnings results 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 during 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%. Procter & Gamble’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current 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 $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 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.