5,652 Procter & Gamble Company (The) $PG Shares Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 300.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,536 shares of the company’s stock after acquiring an additional 5,652 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,095,000 as of its most recent filing with the SEC.

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar Raman sold 38,253 shares of Procter & Gamble stock in a transaction on Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $6,311,745.00. Following the transaction, the chief executive officer directly owned 47,745 shares in the company, valued at approximately $7,877,925. The trade was a 44.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew Janzaruk sold 9,479 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $207,173. The trade was a 88.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,085 shares of company stock worth $20,696,098 in the last three months. Company insiders own 0.23% of the company’s stock.

Trending Headlines about Procter & Gamble

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

• Positive Sentiment: Following the midterm elections, investors have favored established dividend payers such as P&G. The company’s recent quarter showed resilience: earnings and revenue topped consensus estimates, while sales grew 4% year over year. Article: Dividend Kings reach 52-week highs
• Positive Sentiment: P&G’s pricing power and strong brand loyalty may help it preserve sales and dividend purchasing power while inflation remains above 3%. It has raised its dividend for 70 consecutive years, reinforcing its appeal to income-focused investors. Article: Dividend stocks with pricing power
• Neutral Sentiment: P&G closed a €3.25 billion euro-note offering. The financing raises capital, but also entails debt obligations; the report did not detail how proceeds will be used. Article: Euro note offering
• Negative Sentiment: Rising costs and value-conscious shoppers could pressure growth in P&G’s premium brands, even as innovation and customer loyalty remain strengths. Article: Premium brands in a value-seeking market
• Negative Sentiment: Multiple insiders, including executives and the chief accounting officer, recently reported share sales. These transactions may concern investors, though sales alone do not necessarily signal a negative view of the company. Article: CEO share sale

Procter & Gamble Price Performance

Shares of NYSE PG opened at $167.37 on Thursday. The stock has a market cap of $387.93 billion, a P/E ratio of 25.21, a P/E/G ratio of 3.98 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $168.17. The stock has a 50 day moving average of $151.12 and a two-hundred day moving average of $149.23. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. The business 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 company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.99 earnings per share. On average, research analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PG. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. DZ Bank downgraded shares of Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 27th. Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a report on Friday, August 7th. Finally, Freedom Broker raised Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $170.57.

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.