Pittenger & Anderson Inc. Cuts Stock Position in Procter & Gamble Company (The) $PG

Pittenger & Anderson Inc. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 15.2% in the third quarter, HoldingsChannel reports. The fund owned 25,885 shares of the company’s stock after selling 4,644 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Procter & Gamble were worth $3,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PG. Vanguard Group Inc. boosted its holdings in Procter & Gamble by 1.4% in the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock valued at $37,155,222,000 after purchasing an additional 3,189,111 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Procter & Gamble by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after buying an additional 1,060,713 shares during the period. Norges Bank acquired a new stake in Procter & Gamble during the second quarter worth about $5,099,644,000. Charles Schwab Investment Management Inc. raised its position in Procter & Gamble by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after acquiring an additional 294,673 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Procter & Gamble by 21.4% in the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Trading Up 1.7%

Shares of NYSE PG opened at $149.79 on Friday. The stock has a fifty day simple moving average of $144.87 and a 200-day simple moving average of $150.34. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $348.12 billion, a PE ratio of 22.19, a PEG ratio of 4.89 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The company had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Insider Buying and Selling

In related news, insider Marc S. Pritchard sold 95,903 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $157.00 to $165.00 in a report on Friday, January 23rd. Rothschild & Co Redburn upped their price objective on shares of Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Raymond James Financial reduced their price target on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and raised their price objective for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $167.00.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.