Synergy Asset Management LLC Grows Position in Procter & Gamble Company (The) $PG

Synergy Asset Management LLC lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 574.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,369 shares of the company’s stock after purchasing an additional 19,902 shares during the quarter. Synergy Asset Management LLC’s holdings in Procter & Gamble were worth $3,630,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PG. Halbert Hargrove Global Advisors LLC purchased a new stake in Procter & Gamble during the third quarter worth approximately $25,000. Nova Wealth Management Inc. acquired a new position in shares of Procter & Gamble during the first quarter worth about $26,000. Signature Resources Capital Management LLC raised its holdings 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 buying an additional 72 shares during the period. Quarry LP acquired a new position in Procter & Gamble during the 1st quarter worth approximately $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research note on Monday, October 27th. Raymond James Financial dropped their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a research note on Thursday, December 18th. Finally, UBS Group reduced their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.38.

Procter & Gamble Stock Performance

Shares of PG opened at $141.77 on Friday. The stock has a market capitalization of $331.29 billion, a PE ratio of 20.70, a price-to-earnings-growth ratio of 4.83 and a beta of 0.39. The business’s fifty day moving average price is $145.94 and its 200 day moving average price is $152.21. 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 12-month low of $138.14 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping 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 company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the prior year, the company earned $1.93 earnings per share. The firm’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 research analysts forecast 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 issued a $1.0568 dividend. The ex-dividend date of this dividend 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 currently 61.75%.

Insider Buying and Selling

In other news, CAO Matthew W. Janzaruk sold 725 shares of the company’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 transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This 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 the SEC website. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

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.