Procter & Gamble Company (The) $PG Shares Sold by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 23.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,803 shares of the company’s stock after selling 3,995 shares during the period. Tennessee Valley Asset Management Partners’ holdings in Procter & Gamble were worth $1,860,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PG. BlackRock Inc. purchased a new position in Procter & Gamble during the 2nd quarter worth $27,862,105,000. State Street Corp lifted its holdings in shares of Procter & Gamble by 1.0% in the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after buying an additional 965,461 shares during the period. Bank of America Corp DE purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth $3,850,628,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble during the 2nd quarter worth $2,281,505,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Procter & Gamble by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock worth $1,704,182,000 after buying an additional 300,280 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Down 1.1%

Procter & Gamble stock traded down $1.79 during mid-day trading on Friday, reaching $165.31. 7,872,284 shares of the company were exchanged, compared to its average volume of 10,330,998. 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 firm has a market cap of $383.15 billion, a P/E ratio of 24.90, a PEG ratio of 4.02 and a beta of 0.36. The business has a fifty day moving average of $152.01 and a 200 day moving average of $149.43. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $170.52.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.99 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Procter & Gamble in a report on Friday, October 23rd. Piper Sandler raised their target price on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a report on Thursday, October 22nd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $170.57.

Key Stories Impacting Procter & Gamble

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 Buying and Selling

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 9,479 shares of the 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 approximately $207,173. This represents a 88.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Victor Aguilar sold 18,812 shares of the firm’s stock in a transaction dated 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 owned 55,243 shares in the company, valued at $9,083,606.49. This represents a 25.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 161,709 shares of company stock valued at $26,244,058 over the last three months. Corporate insiders own 0.23% of the company’s stock.

Procter & Gamble Company Profile