Procter & Gamble Company (The) $PG Stock Sold by Talbot Financial LLC

Talbot Financial LLC lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 12.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 90,672 shares of the company’s stock after selling 13,403 shares during the quarter. Talbot Financial LLC’s holdings in Procter & Gamble were worth $13,173,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in Procter & Gamble in the 2nd quarter worth about $27,862,105,000. Bank of America Corp DE purchased a new stake in Procter & Gamble during the 2nd quarter worth approximately $3,850,628,000. Bank of New York Mellon Corp acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Procter & Gamble during the second quarter valued at approximately $1,480,650,000. Finally, Auto Owners Insurance Co lifted its position in shares of Procter & Gamble by 14,231.0% in the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock valued at $508,700,000 after acquiring an additional 3,524,876 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.9%

Procter & Gamble stock traded down $1.41 during midday trading on Monday, hitting $157.94. 3,913,429 shares of the stock were exchanged, compared to its average volume of 9,669,525. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market capitalization of $366.84 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 3.96 and a beta of 0.39. The stock’s 50-day simple moving average is $146.88 and its 200 day simple moving average is $146.53. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities analysts anticipate that Procter & Gamble Company will post 6.98 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.71%.

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Citigroup lifted their price target on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Royal Bank Of Canada dropped their price target on Procter & Gamble from $167.00 to $166.00 and set an “outperform” rating for the company in a research report on Tuesday, October 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a report on Monday, August 24th. TD Cowen reaffirmed a “hold” rating and set a $150.00 target price on shares of Procter & Gamble in a research note on Wednesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Fourteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.20.

Insider Activity

In other Procter & Gamble news, CEO Paul Gama sold 2,225 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $145.34, for a total transaction of $323,381.50. Following the completion of the sale, the chief executive officer owned 51,124 shares of the company’s stock, valued at $7,430,362.16. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 15,135 shares of company stock worth $2,189,970. 0.23% of the stock is owned by company insiders.

Procter & Gamble Company Profile

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.