Panagora Asset Management Inc. Has $4.24 Million Stock Position in Procter & Gamble Company (The) $PG

Panagora Asset Management Inc. reduced its holdings in Procter & Gamble by 50% in Q2, now owning 26,638 shares worth $4.24 million. Other investors like Kingstone Capital and Norges Bank increased their stakes significantly. Procter & Gamble reported Q2 earnings of $1.99 per share, beating estimates, with revenue of $22.39 billion. The company announced a quarterly dividend of $1.0568 per share. Insiders sold shares worth $4.61 million recently.

Panagora Asset Management Inc. cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 50.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,638 shares of the company's stock after selling 26,619 shares during the quarter. Panagora Asset Management Inc.'s holdings in Procter & Gamble were worth $4,244,000 at the end of the most recent quarter.

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A number of other large investors also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its stake in Procter & Gamble by 655,209.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock valued at $11,832,680,000 after buying an additional 76,017,350 shares during the period. Norges Bank purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $5,099,644,000. Nuveen LLC acquired a new position in shares of Procter & Gamble in the first quarter worth $1,954,941,000. Laurel Wealth Advisors LLC raised its holdings in shares of Procter & Gamble by 15,971.7% during the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company's stock worth $1,117,270,000 after acquiring an additional 6,969,110 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company's stock valued at $37,155,222,000 after purchasing an additional 3,189,111 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG opened at $146.62 on Thursday. The company has a market capitalization of $342.62 billion, a PE ratio of 21.40, a price-to-earnings-growth ratio of 4.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a one year low of $142.51 and a one year high of $179.99. The company's fifty day moving average price is $149.42 and its 200 day moving average price is $155.44.

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Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling

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In other news, COO Shailesh Jejurikar sold 3,986 shares of the firm's stock in a transaction on Thursday, October 2nd. The shares were 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 in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the business's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the transaction, the chief executive officer directly owned 61,764 shares in the company, valued at $9,402,333.72. This trade represents a 4.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 30,308 shares of company stock valued at $4,611,852 in the last ninety days. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on PG. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a research report on Monday. UBS Group dropped their price objective on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Bank of America reduced their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. BNP Paribas restated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday, September 25th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $171.53.

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Procter & Gamble Company Profile

(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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