Procter & Gamble Company (The) $PG Stake Lessened by Means Investment CO. Inc.

Means Investment CO. Inc. lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 14.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,363 shares of the company’s stock after selling 3,850 shares during the quarter. Means Investment CO. Inc.’s holdings in Procter & Gamble were worth $3,249,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PG. Baxter Bros Inc. bought a new stake in Procter & Gamble in the second quarter valued at $12,381,000. Empowered Funds LLC acquired a new position in shares of Procter & Gamble during the second quarter valued at $53,549,000. Capstone Capital Management Ltd bought a new position in shares of Procter & Gamble during the third quarter worth about $991,000. Bank of America Corp DE bought a new position in shares of Procter & Gamble during the second quarter worth about $3,850,628,000. Finally, Rokos Capital Management LLP acquired a new stake in shares of Procter & Gamble in the 1st quarter worth about $29,914,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $165.31 on Monday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.52. The firm’s 50-day simple moving average is $152.01 and its 200 day simple moving average is $149.43. 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 stock has a market cap of $383.15 billion, a P/E ratio of 24.90, a P/E/G ratio of 4.07 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. The business 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 company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.99 earnings per share. Equities analysts expect that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PG shares. Citigroup lifted their price objective on shares of Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a research report on Friday, October 23rd. Argus cut Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Morgan Stanley boosted their price objective on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Evercore raised Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price objective for the company in a report on Tuesday, October 6th. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble News Summary

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

Insiders Place Their Bets

In related news, CAO Matthew Janzaruk sold 9,479 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the transaction, the chief accounting officer owned 1,271 shares in the company, valued at $207,173. This trade represents a 88.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 33,624 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the sale, the chief financial officer directly owned 65,618 shares in the company, valued at approximately $10,826,970. The trade was a 33.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 161,709 shares of company stock valued at $26,244,058. 0.23% of the stock is currently owned by insiders.

Procter & Gamble Company Profile