Hohimer Wealth Management LLC reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 58.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,034 shares of the company’s stock after selling 23,706 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Procter & Gamble were worth $2,475,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Procter & Gamble in the second quarter worth about $27,862,105,000. State Street Corp raised its position in Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after acquiring an additional 965,461 shares in the last quarter. Bank of America Corp DE purchased a new position in Procter & Gamble during the second quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp purchased a new position in Procter & Gamble during the second quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Procter & Gamble by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after acquiring an additional 300,280 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble Trading Up 1.7%
Shares of PG stock opened at $168.17 on Tuesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.52. The company has a market cap of $389.77 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 4.11 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 stock has a 50 day simple moving average of $152.49 and a 200-day simple moving average of $149.55.
Procter & Gamble (NYSE:PG – Get Free Report) 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 firm had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.99 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.
Procter & Gamble Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.
Key Headlines Impacting Procter & Gamble
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: PG’s Beauty business delivered 5% organic sales growth in fiscal Q1 2027, supported by Pantene and SK-II, as innovation and stronger brand execution helped demand. Continued momentum could support company growth, though the article questions whether it will be enough to lift results overall. Article: Is Procter & Gamble’s Beauty Momentum Enough to Lift Growth?
- Positive Sentiment: Coverage highlights PG’s 70-year record of dividend increases and its quarterly payout of $1.0885 per share (about a 2.7% yield), which may appeal to income investors. These articles emphasize the dividend’s history rather than announcing a new increase. Article: Procter & Gamble’s Dividend Has Survived 26 Recessions
- Neutral Sentiment: The National Advertising Division found Unilever had support for the challenged moisturizing claims on Dove body wash in a challenge brought by P&G. This is a limited competitive setback, with no direct financial impact 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 at $169 on Nov. 5. Both retained substantial holdings, but the sales—and the reported reductions in their positions—could weigh on sentiment. SEC filing
- Negative Sentiment: A separate report says Zacks Research expects weaker earnings, a potential concern for investors; the provided coverage does not specify the forecast or its assumptions. Article: Zacks Research Predicts Weaker Earnings for Procter & Gamble
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. UBS Group set a $166.00 target price on shares of Procter & Gamble in a research note on Friday, October 23rd. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a report on Monday, August 24th. Piper Sandler increased their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.
Insiders Place Their Bets
In other news, CAO Matthew Janzaruk sold 9,479 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer owned 1,271 shares of the company’s stock, valued at $207,173. The trade was a 88.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction dated 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. This trade represents a 25.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 197,756 shares of company stock valued at $32,336,001. 0.23% of the stock is owned by company insiders.
About Procter & Gamble
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Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
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