Investment Partners LTD. raised its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 91.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,959 shares of the company’s stock after acquiring an additional 7,635 shares during the quarter. Investment Partners LTD.’s holdings in Procter & Gamble were worth $2,319,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Procter & Gamble during the 2nd quarter valued at $27,862,105,000. Bank of America Corp DE purchased a new position in Procter & Gamble in the 2nd quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble in the second quarter valued at approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Procter & Gamble during the second quarter worth about $1,480,650,000. Finally, Corient Private Wealth LP purchased a new stake in Procter & Gamble in the second quarter valued at approximately $335,908,000. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Up 0.5%
Shares of NYSE PG opened at $161.42 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The company has a market cap of $374.14 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 3.97 and a beta of 0.39. The business’s 50 day moving average price is $149.99 and its 200-day moving average price is $148.94. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly 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 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 company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.99 earnings per share. On average, sell-side analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.
Insider Transactions at Procter & Gamble
In other Procter & Gamble news, CEO Paul Gama sold 4,331 shares of Procter & Gamble stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $161.27, for a total transaction of $698,460.37. Following the completion of the sale, the chief executive officer owned 46,793 shares of the company’s stock, valued at approximately $7,546,307.11. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Balaji Purushothaman sold 4,181 shares of the stock in a transaction dated 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. This represents a 27.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is owned by corporate insiders.
Procter & Gamble News Roundup
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Analyst upgrade: Freedom Broker upgraded PG from “hold” to “buy,” providing a positive signal for the stock and reflecting greater confidence in the company’s outlook. Freedom Broker upgrades Procter & Gamble to buy from hold
- Positive Sentiment: Dividend appeal remains strong: Articles highlighted PG as a long-standing dividend leader, supporting its appeal to income-focused and defensive investors. The company’s record of dividend increases may help underpin demand for the shares, particularly when investors favor stable consumer-staples businesses. Dividend Kings article Trusted dividend stocks article
- Neutral Sentiment: Bond issuance adds balance-sheet context: PG’s euro- and dollar-denominated bond sale provides liquidity and funding flexibility, but it also draws attention to leverage, interest costs, and the company’s relatively elevated valuation. Procter & Gamble bond sale
- Neutral Sentiment: Growth story under review: Commentary on PG points to accelerating revenue growth, while also noting that higher operating costs could pressure margins and earnings. Investors are weighing improved sales momentum against cost inflation. Procter & Gamble revenue growth and costs What changed in Procter & Gamble’s story
- Negative Sentiment: Mixed rating signals and valuation risk: DZ Bank downgraded PG from “strong-buy” to “hold.” With shares trading at a premium valuation, a more cautious analyst stance could weigh on upside unless earnings growth accelerates. DZ Bank rating change
- Negative Sentiment: Advertising challenge produced only a limited win: Following PG’s challenge, the National Advertising Division supported Carpe’s $19.95 reference price but recommended changes or removal of other savings, free-shipping, comparative-performance, and “first” 100-hour protection claims. The outcome may modestly strengthen competitive advertising standards, but it does not represent a material financial catalyst for PG. National Advertising Division decision involving Carpe
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Evercore upgraded shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target on the stock in a research report on Tuesday, October 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Citigroup boosted their target price on Procter & Gamble from $180.00 to $187.00 and gave the stock a “buy” rating in a research report on Friday, October 23rd. Finally, Piper Sandler lifted their price objective on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $170.57.
View Our Latest Research Report on PG
About Procter & Gamble
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.
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