Procter & Gamble Company (The) $PG Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. reduced its position in Procter & Gamble Company (The) (NYSE:PG) by 2.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 537,460 shares of the company’s stock after selling 11,330 shares during the quarter. Procter & Gamble makes up about 2.6% of Meyer Handelman Co.’s investment portfolio, making the stock its 7th largest holding. Meyer Handelman Co.’s holdings in Procter & Gamble were worth $82,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble in the third quarter worth approximately $25,000. HBW Advisory Services LLC grew its position in Procter & Gamble by 15.2% in the third quarter. HBW Advisory Services LLC now owns 9,071 shares of the company’s stock worth $1,394,000 after acquiring an additional 1,200 shares in the last quarter. Emprise Bank increased its stake in shares of Procter & Gamble by 2.5% during the 3rd quarter. Emprise Bank now owns 2,766 shares of the company’s stock worth $425,000 after purchasing an additional 68 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in shares of Procter & Gamble by 26.4% during the 3rd quarter. Ellsworth Advisors LLC now owns 4,772 shares of the company’s stock valued at $704,000 after purchasing an additional 996 shares in the last quarter. Finally, Weatherly Asset Management L. P. lifted its stake in shares of Procter & Gamble by 0.6% in the 3rd quarter. Weatherly Asset Management L. P. now owns 81,092 shares of the company’s stock valued at $12,460,000 after purchasing an additional 513 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PG has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. BNP Paribas Exane lowered their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price objective on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. Bank of America decreased their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Finally, Raymond James Financial dropped their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.38.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 3,227 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the sale, the chief executive officer directly owned 61,764 shares in the company, valued at approximately $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,308 shares of company stock valued at $4,611,852 over the last quarter. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

PG opened at $144.74 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $146.81 and its two-hundred day moving average price is $152.85. The firm has a market capitalization of $338.22 billion, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 4.87 and a beta of 0.39. Procter & Gamble Company has a 12-month low of $138.14 and a 12-month high of $179.99.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Procter & Gamble’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.