Procter & Gamble Company (The) $PG Stock Acquired by Brighton Jones LLC

Brighton Jones LLC increased its stake in Procter & Gamble Company (The) (NYSE:PG) by 31.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,345 shares of the company’s stock after purchasing an additional 17,020 shares during the period. Brighton Jones LLC’s holdings in Procter & Gamble were worth $10,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Procter & Gamble in the second quarter valued at about $27,862,105,000. Bank of America Corp DE acquired a new position in shares of Procter & Gamble during the second quarter worth about $3,850,628,000. Bank of New York Mellon Corp acquired a new position in shares of Procter & Gamble during the second quarter worth about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Procter & Gamble during the second quarter worth about $1,480,650,000. Finally, Corient Private Wealth LP bought a new position in shares of Procter & Gamble during the second quarter worth about $335,908,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PG shares. Morgan Stanley lifted their target price on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. TD Cowen upped their price target on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a research report on Friday, October 23rd. Piper Sandler raised their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Citigroup raised their price target on shares of Procter & Gamble from $180.00 to $187.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Finally, Argus downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average price target of $170.57.

Insider Activity

In other Procter & Gamble news, CEO Sundar G. Raman sold 38,253 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $165.00, for a total transaction of $6,311,745.00. Following the transaction, the chief executive officer owned 47,745 shares of the company’s stock, valued at $7,877,925. The trade was a 44.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction that occurred 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. This represents a 33.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 161,709 shares of company stock valued at $26,244,058. Corporate insiders own 0.23% of the company’s stock.

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

Procter & Gamble Trading Down 1.1%

Shares of NYSE:PG opened at $165.31 on Friday. The company’s 50-day moving average price is $152.01 and its two-hundred day moving average price is $149.43. Procter & Gamble Company has a one year low of $137.62 and a one 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. The stock has a market capitalization of $383.15 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data 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 company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble’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 analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.6%. Procter & Gamble’s dividend payout ratio is 65.51%.

About Procter & Gamble