Paradigm Asset Management Co. LLC Lowers Position in Procter & Gamble Company (The) $PG

Paradigm Asset Management Co. LLC decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 70.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,693 shares of the company’s stock after selling 6,500 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Procter & Gamble were worth $429,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in Procter & Gamble during the second quarter valued at $894,000. Summit Wealth & Retirement Planning Inc. raised its position in shares of Procter & Gamble by 4.4% in the 2nd quarter. Summit Wealth & Retirement Planning Inc. now owns 2,201 shares of the company’s stock worth $351,000 after purchasing an additional 92 shares during the last quarter. Chancellor Financial Group WB LP grew its position in Procter & Gamble by 1.2% during the 2nd quarter. Chancellor Financial Group WB LP now owns 9,065 shares of the company’s stock valued at $1,444,000 after purchasing an additional 110 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in Procter & Gamble by 0.4% during the 2nd quarter. Harvest Portfolios Group Inc. now owns 116,367 shares of the company’s stock valued at $18,540,000 after purchasing an additional 488 shares in the last quarter. Finally, Aspect Partners LLC raised its holdings in Procter & Gamble by 140.1% in the second quarter. Aspect Partners LLC now owns 557 shares of the company’s stock worth $89,000 after buying an additional 325 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Raymond James Financial cut their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. UBS Group reduced their price objective on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. BNP Paribas Exane dropped their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Finally, Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research report on Monday, October 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Price Performance

NYSE PG opened at $146.90 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12 month low of $144.46 and a 12 month high of $180.43. The stock has a market cap of $343.28 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.87 and a beta of 0.36. The company’s 50 day moving average is $152.93 and its two-hundred day moving average is $157.08.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Insider Activity at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 3,986 shares of the business’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 transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jon R. Moeller sold 11,684 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 transaction of $1,778,655.32. Following the transaction, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at $48,703,248.36. The trade was a 3.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 150,488 shares of company stock worth $23,529,718 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Profile

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.