HORAN Wealth LLC Trims Holdings in Procter & Gamble Company (The) $PG

HORAN Wealth LLC lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 47.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 99,372 shares of the company’s stock after selling 89,170 shares during the period. Procter & Gamble makes up approximately 1.8% of HORAN Wealth LLC’s investment portfolio, making the stock its 12th largest position. HORAN Wealth LLC’s holdings in Procter & Gamble were worth $14,572,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Baxter Bros Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at about $12,381,000. Empowered Funds LLC acquired a new stake in shares of Procter & Gamble during the second quarter worth about $53,549,000. Cibc World Market Inc. grew its holdings in shares of Procter & Gamble by 40.6% in the fourth quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after purchasing an additional 147,701 shares in the last quarter. World Investment Advisors lifted its holdings in Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after buying an additional 14,492 shares in the last quarter. Finally, Resources Management Corp CT ADV grew its stake in shares of Procter & Gamble by 41.8% in the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock worth $11,681,000 after acquiring an additional 24,010 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the subject of a number of recent research reports. Bank of America decreased their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. Barclays lifted their price objective on Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. HSBC restated a “hold” rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Finally, Argus cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $161.19.

Insider Transactions at Procter & Gamble

In related news, CAO Matthew Janzaruk sold 359 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This trade represents a 22.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 6,627 shares of company stock worth $953,417. Company insiders own 0.23% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $146.29 on Monday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm has a market capitalization of $339.78 billion, a P/E ratio of 22.10, a P/E/G ratio of 3.64 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The company’s fifty day moving average price is $146.77 and its 200 day moving average price is $147.73.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.