Tenet Wealth Partners LLC Makes New Investment in Procter & Gamble Company (The) $PG

Tenet Wealth Partners LLC purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,237 shares of the company’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PG. Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $403,000. Markowski Investments purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $2,588,000. Old Mission Investment Co LLC bought a new position in Procter & Gamble in the 2nd quarter worth $3,083,000. Montgomery Financial Services LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth $28,000. Finally, OceanIQ Capital LLC purchased a new stake in Procter & Gamble in the 2nd quarter worth $696,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PG has been the topic of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Thursday, July 16th. Barclays boosted their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Jefferies Financial Group upped their price target on Procter & Gamble from $177.00 to $179.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, Bank of America cut their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Thirteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Procter & Gamble Stock Performance

NYSE:PG opened at $146.29 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The stock’s 50 day simple moving average is $146.77 and its two-hundred day simple moving average is $147.82. The company has a market cap of $339.78 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 3.65 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same period in the prior year, the company earned $1.48 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, equities analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a dividend of $1.0885 per share. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is 65.71%.

Insiders Place Their Bets

In related news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares of the company’s stock, valued at approximately $184,600.04. This trade represents a 22.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 6,627 shares of company stock valued at $953,417 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.