Procter & Gamble Company (The) $PG Stock: Heritage Wealth Management Inc. Trims Holdings

Heritage Wealth Management Inc. cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 14.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 106,975 shares of the company’s stock after selling 18,365 shares during the period. Procter & Gamble comprises 3.9% of Heritage Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. Heritage Wealth Management Inc.’s holdings in Procter & Gamble were worth $15,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $26,000. Montgomery Financial Services LLC bought a new stake in shares of Procter & Gamble during the second quarter worth $28,000. Paladin Partners LLC acquired a new position in shares of Procter & Gamble during the second quarter worth $29,000. Evergreen Advisors LLC acquired a new position in shares of Procter & Gamble during the first quarter worth $37,000. Finally, Toews Corp ADV acquired a new position in shares of Procter & Gamble during the second quarter worth $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $161.42 on Friday. The stock has a market cap of $374.14 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 3.95 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The company’s fifty day moving average is $149.99 and its 200 day moving average is $148.94. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Dividend Announcement

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 dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is currently 65.51%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley increased their price target on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Bank of America lowered their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

More Procter & Gamble News

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Susan Whaley sold 2,369 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total transaction of $344,310.46. Following the completion of the transaction, the insider owned 30,730 shares in the company, valued at approximately $4,466,298.20. This trade represents a 7.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul Gama sold 4,331 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 46,793 shares in the company, valued at $7,546,307.11. This trade represents a 8.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 58,647 shares of company stock worth $9,268,508. Company insiders own 0.23% of the company’s stock.

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.