Procter & Gamble Company (The) $PG Stock Position Raised by Perigon Wealth Management LLC

by · The Cerbat Gem

Perigon Wealth Management LLC boosted its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,400 shares of the company’s stock after purchasing an additional 6,651 shares during the period. Perigon Wealth Management LLC’s holdings in Procter & Gamble were worth $11,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble during the third quarter valued at $25,000. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the 1st quarter worth about $26,000. Signature Resources Capital Management LLC grew its stake 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 acquiring an additional 72 shares in the last quarter. Quarry LP purchased a new position in Procter & Gamble during the first quarter valued at approximately $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PG shares. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a research note on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 22nd. Barclays lowered their target price on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. JPMorgan Chase & Co. cut their price target on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Get Our Latest Stock Report on PG

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the sale, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Susan Street Whaley sold 2,408 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $366,569.84. Following the completion of the transaction, the insider directly owned 31,770 shares in the company, valued at approximately $4,836,347.10. This represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,308 shares of company stock valued at $4,611,852. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Up 0.2%

Shares of PG stock opened at $144.74 on Friday. The stock’s 50 day simple moving average is $146.81 and its 200 day simple moving average is $152.78. Procter & Gamble Company has a twelve month low of $138.14 and a twelve month high of $179.99. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. The company has a market capitalization of $338.22 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The company’s 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. As a group, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is currently 61.75%.

Procter & Gamble Profile

(Free Report)

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.

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