10,076 Shares in Procter & Gamble Company (The) $PG Purchased by Bernicke Wealth Management Ltd.

Bernicke Wealth Management Ltd. acquired a new position in shares of Procter & Gamble Company (The) (NYSE:PG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,076 shares of the company’s stock, valued at approximately $1,464,000.

Several other large investors also recently modified their holdings of the stock. Baxter Bros Inc. bought a new stake in Procter & Gamble in the second quarter valued at $12,381,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Procter & Gamble by 11.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 305,774 shares of the company’s stock valued at $44,016,000 after purchasing an additional 32,100 shares during the period. Empowered Funds LLC bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $53,549,000. Capstone Capital Management Ltd bought a new position in shares of Procter & Gamble during the 3rd quarter worth about $991,000. Finally, Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $3,850,628,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling

In related news, CEO Shailesh Jejurikar sold 35,000 shares of the company’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the completion of the sale, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This represents a 38.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sundar G. Raman sold 38,253 shares of the stock in a transaction on Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $6,311,745.00. Following the completion of the sale, the chief executive officer directly owned 47,745 shares of the company’s stock, valued at $7,877,925. The trade was a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 200,006 shares of company stock valued at $32,715,058. 0.23% of the stock is currently owned by company insiders.

Procter & Gamble Trading Up 1.1%

PG opened at $169.84 on Friday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.73. The firm has a market capitalization of $393.65 billion, a PE ratio of 25.58, a P/E/G ratio of 4.13 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. The company’s 50-day moving average is $154.26 and its 200 day moving average is $149.93.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 31.02% and a net margin of 18.23%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.99 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced 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. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Analysts Set New Price Targets

PG has been the subject of several research reports. HSBC downgraded Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the company from $182.00 to $149.00 in a research note on Thursday, July 30th. Royal Bank Of Canada set a $169.00 price target on Procter & Gamble in a research note on Friday, October 23rd. Morgan Stanley increased their price target on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Piper Sandler raised their price objective on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. raised their price objective on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Key Procter & Gamble News

Investors following PG have been watching these news items:

• Positive Sentiment: Investors continue to see P&G as a potential source of reliable income: the company has raised its dividend for 70 consecutive years and recently declared a quarterly payout of $1.0885 per share. Its established consumer brands and steady cash generation support that appeal. Article: P&G Has Raised Its Dividend for 70 Straight Years
• Neutral Sentiment: Recent valuation coverage asks whether P&G’s current market value is justified by its expected cash flows and how its valuation compares with rivals. This may make valuation more salient after the stock’s recent gains, but the available article summaries do not provide a specific fair-value estimate. Article: Is Procter & Gamble Stock Worth More Than Its Rivals?
• Negative Sentiment: Higher oil prices and shrinking margins are cited as risks to the rally, potentially offsetting volume-led growth. Investors will look for management’s strategy and outlook at its upcoming Investor Day. Article: P&G Dividend and Price Target

Procter & Gamble 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.