Centaurus Financial Inc. Makes New $1.51 Million Investment in Procter & Gamble Company (The) $PG

Centaurus Financial Inc. purchased a new stake in shares of Procter & Gamble Company (The) (NYSE:PG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,301 shares of the company’s stock, valued at approximately $1,510,000.

Several other institutional investors have also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. grew its position in Procter & Gamble by 1,000.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new position in Procter & Gamble in the second quarter worth approximately $26,000. Litman Gregory Wealth Management LLC bought a new position in Procter & Gamble in the fourth quarter worth approximately $26,000. Park Square Financial Group LLC boosted its stake in shares of Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the last quarter. Finally, Evolution Wealth Management Inc. boosted its stake in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company’s stock worth $26,000 after acquiring an additional 171 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays upped their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. BMO Capital Markets lifted their target price on Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Bank of America cut their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and an average price target of $161.19.

Insider Activity

In related news, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the sale, the insider owned 187,001 shares of the company’s stock, valued at approximately $26,888,873.79. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer owned 1,271 shares of the company’s stock, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 6,627 shares of company stock worth $953,417 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $143.71 on Friday. The stock has a market cap of $334.04 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 4.43 and a beta of 0.39. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm has a fifty day moving average price of $147.11 and a 200-day moving average price of $148.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. Procter & Gamble’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 24th were given a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble’s payout ratio is presently 65.71%.

Procter & Gamble 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.