LM Advisors LLC Trims Position in Procter & Gamble Company (The) $PG

by · The Cerbat Gem

LM Advisors LLC decreased its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 68.2% during the second quarter, Holdings Channel reports. The fund owned 2,203 shares of the company’s stock after selling 4,722 shares during the period. LM Advisors LLC’s holdings in Procter & Gamble were worth $351,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PG. MOKAN Wealth Management Inc. raised its holdings in Procter & Gamble by 13.7% in the second quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock worth $2,442,000 after purchasing an additional 1,846 shares in the last quarter. Westerkirk Capital Inc. purchased a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $4,796,000. Vega Investment Solutions raised its stake in shares of Procter & Gamble by 1.3% during the 2nd quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after acquiring an additional 8,500 shares in the last quarter. Caliber Wealth Management LLC KS lifted its position in Procter & Gamble by 36.2% during the second quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock valued at $2,836,000 after acquiring an additional 4,730 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $7,891,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PG. BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company dropped their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Barclays decreased their price target on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a research note on Monday. Dbs Bank upgraded Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Finally, BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $171.40.

Read Our Latest Analysis on Procter & Gamble

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 3,535 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the completion of the sale, the chief executive officer directly owned 34,816 shares in the company, valued at approximately $5,300,039.68. The trade was a 9.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have 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 1.4%

Procter & Gamble stock opened at $142.77 on Friday. The business’s 50-day simple moving average is $147.84 and its two-hundred day simple moving average is $154.34. 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 cap of $333.61 billion, a PE ratio of 20.84, a PEG ratio of 4.73 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $138.14 and a fifty-two week high of $179.99.

Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Friday, October 24th. The company reported $1.99 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 the consensus estimate of $22.23 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The company’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is presently 61.75%.

About Procter & Gamble

(Free Report)

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.

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