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

Leo Wealth LLC bought a new position in Procter & Gamble Company (The) (NYSE:PG) in the 3rd quarter, Holdings Channel reports. The firm bought 4,635 shares of the company’s stock, valued at approximately $673,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ellis Investment Partners LLC lifted its stake in Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock worth $1,281,000 after acquiring an additional 64 shares during the period. Clark Wealth Partners raised its holdings in shares of Procter & Gamble by 20.6% in the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock valued at $56,000 after purchasing an additional 66 shares in the last quarter. KLCM Advisors Inc. raised its holdings in shares of Procter & Gamble by 0.9% in the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock valued at $1,140,000 after purchasing an additional 70 shares in the last quarter. Midwest Professional Planners LTD. raised its holdings in shares of Procter & Gamble by 2.6% in the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock valued at $410,000 after purchasing an additional 70 shares in the last quarter. Finally, Legacy Solutions LLC boosted its stake in shares of Procter & Gamble by 3.8% during the second quarter. Legacy Solutions LLC now owns 1,928 shares of the company’s stock valued at $283,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, insider Balaji Purushothaman sold 4,181 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $160.71, for a total value of $671,928.51. Following the transaction, the insider directly owned 11,296 shares of the company’s stock, valued at approximately $1,815,380.16. This represents a 27.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul Gama sold 4,331 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $161.27, for a total value of $698,460.37. Following the completion of the transaction, the chief executive officer directly owned 46,793 shares in the company, valued at $7,546,307.11. This represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is owned by corporate insiders.

Procter & Gamble Trading Down 0.7%

NYSE PG opened at $159.96 on Tuesday. The company has a fifty day simple moving average of $148.38 and a two-hundred day simple moving average of $148.47. The stock has a market cap of $370.75 billion, a P/E ratio of 23.34, a P/E/G ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same period in the prior year, the firm earned $1.99 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.51%.

Analysts Set New Price Targets

PG has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Bank of America reduced their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. HSBC restated a “hold” rating and set a $149.00 price objective (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday. Finally, JPMorgan Chase & Co. lifted their target price on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday. Fifteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $170.57.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Exchange-traded funds purchased approximately $82.8 million of PG stock on October 22, indicating institutional demand and potentially providing support for the shares. ETFs Bought $82.8 Million of Procter & Gamble
• Positive Sentiment: Several analysts remain constructive: JPMorgan raised its price target, while TD Cowen, BNP Paribas Exane and Citigroup reportedly forecast further appreciation. Freedom Broker also upgraded PG to Buy. JPMorgan Price Target Increase TD Cowen Forecast
• Positive Sentiment: Investment commentary highlights PG’s strong household-product market shares and appeal as a high-yield, defensive dividend stock—factors that may attract income-oriented investors. High-Yield Dividend Stock Comparison
• Neutral Sentiment: Articles comparing PG with Colgate-Palmolive and discussing TIPS, Treasury bills and dividend stocks reinforce PG’s defensive and income-investment appeal, but provide limited new company-specific information. PG Versus CL
• Negative Sentiment: Higher oil prices could raise manufacturing, packaging, transportation and other costs. Unless offset by pricing or productivity gains, this would pressure PG’s margins and earnings outlook. Impact of Higher Oil Prices
• Negative Sentiment: Insiders reported notable selling: Shailesh Jejurikar sold 35,000 shares worth about $5.7 million, while other executives sold shares as well. These transactions are not necessarily bearish, but the reductions in ownership can create a modest sentiment overhang. SEC Insider Filing

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.