Procter & Gamble Company (The) $PG Shares Bought by StoneX Group Inc.

StoneX Group Inc. grew its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 14.5% during the third quarter, Holdings Channel reports. The firm owned 45,911 shares of the company’s stock after acquiring an additional 5,797 shares during the quarter. StoneX Group Inc.’s holdings in Procter & Gamble were worth $6,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $26,000. Montgomery Financial Services LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $28,000. Paladin Partners LLC acquired a new position in Procter & Gamble during the 2nd quarter worth about $29,000. Toews Corp ADV purchased a new position in Procter & Gamble during the 2nd quarter valued at about $37,000. Finally, Evergreen Advisors LLC purchased a new position in Procter & Gamble during the 1st quarter valued at about $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PG has been the topic of a number of recent research reports. Piper Sandler boosted 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. BNP Paribas Exane increased their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Wells Fargo & Company raised their price objective on shares of Procter & Gamble from $164.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. Morgan Stanley lifted their price objective on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Finally, HSBC downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and cut their target price for the stock from $182.00 to $149.00 in a research note on Thursday, July 30th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Stock Performance

Shares of PG opened at $165.31 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.52. The stock has a market capitalization of $383.15 billion, a PE ratio of 24.90, a PEG ratio of 4.07 and a beta of 0.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. The stock has a 50-day simple moving average of $152.01 and a 200-day simple moving average of $149.43.

Procter & Gamble (NYSE:PG) last released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.99 earnings per share. On average, analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared 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 is Friday, October 23rd. Procter & Gamble’s payout ratio is 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

Insider Activity at Procter & Gamble

In other news, insider Victor Aguilar sold 18,812 shares of Procter & Gamble stock in a transaction on Friday, October 30th. The shares were sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the completion of the sale, the insider directly owned 55,243 shares of the company’s stock, valued at approximately $9,083,606.49. The trade was a 25.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shailesh Jejurikar sold 35,000 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the transaction, the chief executive officer owned 55,391 shares of the company’s stock, valued at approximately $9,033,718.19. The trade was a 38.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 161,709 shares of company stock worth $26,244,058 over the last ninety days. 0.23% of the stock is currently owned by insiders.

Procter & Gamble Profile