Spire Wealth Management Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Spire Wealth Management lessened its holdings in Procter & Gamble Company (The) (NYSE:PGFree Report) by 54.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 20,620 shares of the company’s stock after selling 24,356 shares during the period. Spire Wealth Management’s holdings in Procter & Gamble were worth $3,168,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble during the 3rd quarter valued at approximately $25,000. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble during the 1st quarter valued at approximately $26,000. Signature Resources Capital Management LLC raised its position in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble during the second quarter worth $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble during the second quarter worth $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $141.57 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 $137.62 and a 12 month high of $179.99. The company has a market capitalization of $330.81 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 4.65 and a beta of 0.39. The firm’s 50-day moving average is $145.11 and its 200 day moving average is $151.70.

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, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders 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 yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

Analysts Set New Price Targets

Several analysts have commented on PG shares. Raymond James Financial decreased their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Barclays decreased their target price on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. TD Cowen reduced their price objective on Procter & Gamble from $168.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Piper Sandler assumed coverage on Procter & Gamble in a research report on Wednesday. They set a “neutral” rating and a $150.00 target price for the company. Fifteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.23.

Check Out Our Latest Stock Analysis on Procter & Gamble

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

Insider Buying and Selling at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction 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 directly owned 979 shares in the company, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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