Elevated Capital Advisors LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 53.1% in the third quarter, Holdings Channel reports. The fund owned 3,011 shares of the company’s stock after selling 3,409 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Procter & Gamble were worth $437,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Procter & Gamble during the second quarter valued at approximately $27,862,105,000. State Street Corp boosted its holdings in shares of Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after purchasing an additional 965,461 shares during the period. Bank of America Corp DE purchased a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $3,850,628,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble during the 2nd quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Procter & Gamble by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after purchasing an additional 300,280 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on PG. Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a report on Friday, October 23rd. Piper Sandler lifted their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Freedom Broker upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a research report on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Finally, TD Cowen increased their target price on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.57.
Procter & Gamble Stock Up 0.1%
Shares of NYSE:PG opened at $168.43 on Wednesday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.52. The business has a 50 day simple moving average of $152.95 and a two-hundred day simple moving average of $149.64. The firm has a market capitalization of $390.38 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 4.14 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.
Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The firm had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.
Procter & Gamble Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s payout ratio is presently 65.51%.
Insider Buying and Selling
In other news, CFO Andre Schulten sold 33,624 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total transaction of $5,547,960.00. Following the completion of the sale, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at approximately $10,826,970. The trade was a 33.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Aguilar sold 18,812 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the sale, the insider directly owned 55,243 shares of the company’s stock, valued at $9,083,606.49. This represents a 25.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 197,756 shares of company stock worth $32,336,001 over the last ninety days. Corporate insiders own 0.23% of the company’s stock.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: PG’s Beauty business posted 5% organic sales growth in fiscal Q1 2027, supported by Pantene and SK-II, product innovation, and stronger brand execution. Sustaining that momentum could help support growth, though its impact on the broader business remains uncertain. Article: Is Procter & Gamble’s Beauty Momentum Enough to Lift Growth?
- Neutral Sentiment: P&G named Shalini Saraswat Brand Director and Business Head for Pantene India, bringing prior P&G brand leadership and R&D experience. The appointment supports the company’s focus on hair care in India, but no expected financial effect was specified. Article: What Does Procter & Gamble Naming a New India Beauty Head Signal?
- Neutral Sentiment: In an advertising challenge brought by P&G, the National Advertising Division concluded that Unilever had substantiation for its challenged Dove body-wash moisturizing claims. This is a competitive setback for P&G, but no direct financial impact was reported. Article: National Advertising Division Found Unilever’s Dove Deep Moisture Body Wash Claims Supported
- Negative Sentiment: CEO Juliana Mont Santos sold 5,370 shares and CFO Andre Schulten sold 30,677 shares, both at $169 on Nov. 5. Each retained shares, but the sales and reductions in their respective holdings could weigh on investor sentiment. Article: Procter & Gamble CFO Andre Schulten Sells Shares CEO SEC filing
Procter & Gamble Company Profile
The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.
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