Kathmere Capital Management LLC Raises Stake in Procter & Gamble Company (The) $PG

Kathmere Capital Management LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 22.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,523 shares of the company’s stock after buying an additional 3,981 shares during the period. Kathmere Capital Management LLC’s holdings in Procter & Gamble were worth $3,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Procter & Gamble in the third quarter valued at $25,000. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble in the 1st quarter valued at about $26,000. Signature Resources Capital Management LLC increased its stake in shares of 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 during the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble during the 1st quarter valued at about $33,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Procter & Gamble in the second quarter worth approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Dbs Bank raised Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, Morgan Stanley set a $175.00 target price on Procter & Gamble in a report on Monday, October 27th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average target price of $170.81.

Insider Buying and Selling

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. This trade represents a 42.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Down 1.0%

NYSE PG opened at $140.36 on Tuesday. The stock has a market cap of $327.98 billion, a P/E ratio of 20.49, a PEG ratio of 4.78 and a beta of 0.39. The company’s fifty day simple moving average is $145.71 and its 200-day simple moving average is $152.00. 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 52 week low of $138.14 and a 52 week high of $179.99.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period last year, the business earned $1.93 EPS. The business’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. Equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors 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 annualized dividend and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is 61.75%.

About Procter & Gamble

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.