Procter & Gamble Company (The) $PG Position Increased by Conning Inc.

Conning Inc. boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 277,573 shares of the company’s stock after purchasing an additional 5,681 shares during the period. Procter & Gamble accounts for approximately 1.2% of Conning Inc.’s investment portfolio, making the stock its 16th biggest holding. Conning Inc.’s holdings in Procter & Gamble were worth $40,326,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at about $26,000. Montgomery Financial Services LLC purchased a new position in shares of Procter & Gamble during the second quarter worth about $28,000. Paladin Partners LLC purchased a new position in shares of Procter & Gamble during the second quarter worth about $29,000. Evergreen Advisors LLC acquired a new position in Procter & Gamble in the 1st quarter valued at about $37,000. Finally, Toews Corp ADV acquired a new position in Procter & Gamble in the 2nd quarter valued at about $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 4,181 shares of Procter & Gamble stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $160.71, for a total value of $671,928.51. Following the sale, the insider directly owned 11,296 shares in the company, valued at $1,815,380.16. The trade was a 27.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the company’s stock in a transaction 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 in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their position. 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 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is currently owned by company insiders.

Procter & Gamble Trading Down 0.5%

Shares of Procter & Gamble stock opened at $158.38 on Thursday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The company’s 50-day simple moving average is $149.30 and its 200-day simple moving average is $148.76. The firm has a market cap of $367.10 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 4.00 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The firm had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.99 earnings per share. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.51%.

Key Procter & Gamble News

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

• Positive Sentiment: P&G’s latest quarter exceeded expectations, with earnings per share of $2.00 versus the $1.89 consensus and revenue of $23.28 billion versus $22.80 billion expected. Sales increased 4% year over year, while organic sales growth was supported primarily by higher product volumes rather than price increases. P&G Stock May Be Undervalued
• Positive Sentiment: Analysts and investment commentary remain broadly constructive. One analysis estimates PG may be about 23% undervalued, while Freedom Broker upgraded the stock from Hold to Buy. P&G’s leading household brands and dependable dividend continue to support its defensive-investment appeal. Freedom Broker Upgrade
• Positive Sentiment: The company’s quarterly dividend remains an important support for income-focused investors: the annualized payout is approximately $4.35 per share, representing a yield near 2.7% based on the cited stock data. P&G Dividend Analysis
• Neutral Sentiment: P&G has outperformed the broader market this year, but commentary questions how long that outperformance can continue. With shares trading well above their 50-day and 200-day moving averages, some investors may be taking profits. P&G Outperformance Analysis
• Negative Sentiment: Higher commodity, oil, packaging and transportation costs could pressure margins if P&G cannot offset them through pricing, productivity gains or favorable product mix. Investors are watching whether the company’s growth can continue while protecting profitability. P&G Commodity Costs
• Negative Sentiment: Recent insider selling, including a 4,181-share transaction valued at roughly $672,000, may add a modest sentiment overhang, although such sales do not necessarily indicate deteriorating business conditions. P&G Insider Sale

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 23rd. Barclays lifted their target price on Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a report on Friday, October 23rd. Piper Sandler upped their price target on Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Citigroup increased their price target on Procter & Gamble from $180.00 to $187.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average price target of $170.57.

Procter & Gamble Company Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.