Procter & Gamble Company (The) $PG Position Raised by Money Concepts Capital Corp

Money Concepts Capital Corp boosted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 5.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,802 shares of the company’s stock after purchasing an additional 3,418 shares during the quarter. Money Concepts Capital Corp’s holdings in Procter & Gamble were worth $9,415,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC lifted its position in shares of Procter & Gamble by 0.7% during the 3rd quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock worth $1,281,000 after buying an additional 64 shares during the last quarter. Clark Wealth Partners boosted its holdings in shares of Procter & Gamble by 20.6% in the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock valued at $56,000 after buying an additional 66 shares in the last quarter. Kuhn & Co Investment Counsel boosted its holdings in shares of Procter & Gamble by 1.0% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock valued at $952,000 after buying an additional 66 shares in the last quarter. Whelan Financial grew its position in shares of Procter & Gamble by 1.9% in the 3rd quarter. Whelan Financial now owns 3,689 shares of the company’s stock valued at $536,000 after buying an additional 68 shares during the last quarter. Finally, Midwest Professional Planners LTD. raised its stake in Procter & Gamble by 2.6% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after acquiring an additional 70 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PG shares. Piper Sandler boosted their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. TD Cowen raised their price objective on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $149.00 in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Finally, Evercore raised Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price for the company in a report on Tuesday, October 6th. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $170.57.

Insider Activity

In other Procter & Gamble news, CFO Andre Schulten sold 30,677 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the completion of the transaction, the chief financial officer owned 65,618 shares in the company, valued at approximately $11,089,442. This represents a 31.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the transaction, the insider owned 55,243 shares of the company’s stock, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 200,006 shares of company stock valued at $32,715,058. 0.23% of the stock is currently owned by company insiders.

Trending Headlines about Procter & Gamble

Here are a few of the latest headlines about PG:

• Positive Sentiment: Commentary highlights P&G’s essential household brands, strong cash generation and a 70-year streak of dividend increases; one article cited a recent yield of about 2.6%. These qualities may appeal to income-focused investors. Article: Procter & Gamble Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: A valuation analysis questions whether P&G’s share price is supported by future cash flows, noting its 29.7% five-year return. The article raises a valuation question rather than offering a clear near-term catalyst. Article: Is Procter & Gamble Worth More Than Its Price Today?
• Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares at an average of $168.47, reducing his direct holding by 20.06% to 8,968 shares. The transaction could raise concerns, though he retains a stake and a sale alone does not establish a change in the company’s outlook. SEC Form 4 filing

Procter & Gamble Stock Up 0.2%

PG opened at $168.02 on Friday. The business has a 50 day moving average price of $153.80 and a two-hundred day moving average price of $149.82. 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 has a market cap of $389.43 billion, a PE ratio of 25.30, a P/E/G ratio of 4.12 and a beta of 0.36. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $170.52.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.11. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared 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 of this dividend 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 currently 65.51%.

About Procter & Gamble

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.