Procter & Gamble Company (The) $PG Stock Position Cut by Formidable Asset Management LLC

Formidable Asset Management LLC reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.7% in the third quarter, Holdings Channel reports. The firm owned 235,648 shares of the company’s stock after selling 16,792 shares during the quarter. Procter & Gamble accounts for 4.9% of Formidable Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Formidable Asset Management LLC’s holdings in Procter & Gamble were worth $34,555,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PG. Baxter Bros Inc. acquired a new stake in Procter & Gamble during the second quarter worth about $12,381,000. Empowered Funds LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at about $53,549,000. Capstone Capital Management Ltd acquired a new position in Procter & Gamble in the 3rd quarter valued at about $991,000. Bank of America Corp DE purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $3,850,628,000. Finally, Rokos Capital Management LLP purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at approximately $29,914,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PG shares. UBS Group set a $166.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. Morgan Stanley increased their price objective on Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. BNP Paribas Exane raised their target price on Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Piper Sandler lifted their target price on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Finally, Freedom Broker upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 33,624 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the sale, the chief financial officer owned 65,618 shares in the company, valued at approximately $10,826,970. The trade was a 33.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shailesh Jejurikar sold 35,000 shares of the business’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $163.09, for a total value of $5,708,150.00. Following the completion of the sale, the chief executive officer owned 55,391 shares in the company, valued at $9,033,718.19. This represents a 38.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,709 shares of company stock valued at $26,244,058 over the last ninety days. 0.23% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of PG opened at $165.31 on Friday. The firm has a 50-day simple moving average of $152.01 and a two-hundred day simple moving average of $149.43. The stock has a market cap of $383.15 billion, a PE ratio of 24.90, a P/E/G ratio of 4.07 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.99 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be given a $1.0885 dividend. 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 2.6%. Procter & Gamble’s payout ratio is presently 65.51%.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

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