54,539 Procter & Gamble Company (The) $PG Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 9.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 620,215 shares of the company’s stock after buying an additional 54,539 shares during the period. Kestra Advisory Services LLC’s holdings in Procter & Gamble were worth $90,105,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Procter & Gamble during the second quarter worth about $27,862,105,000. State Street Corp grew its position in shares of Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after purchasing an additional 965,461 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 300,280 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $167.15 on Friday. The stock has a market capitalization of $387.41 billion, a P/E ratio of 25.17, a P/E/G ratio of 4.11 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $170.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The firm’s 50-day moving average is $151.56 and its two-hundred day moving average is $149.34.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The business had revenue of $23.28 billion during 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 was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 earnings per share. Equities analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm 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 $1.0885 dividend. The ex-dividend date is Friday, October 23rd. This represents a $4.35 annualized dividend and a yield of 2.6%. Procter & Gamble’s payout ratio is 65.51%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PG. Freedom Broker upgraded Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research report on Friday, October 23rd. BNP Paribas Exane increased their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a report on Thursday, October 22nd. Finally, TD Cowen upped their price objective on Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble News Roundup

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

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Insider Buying and Selling

In other news, CEO Shailesh Jejurikar sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the completion of the sale, the chief executive officer owned 55,391 shares of the company’s stock, valued at $9,033,718.19. The trade was a 38.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total value of $5,547,960.00. Following the completion of the transaction, the chief financial officer owned 65,618 shares of the company’s stock, valued at $10,826,970. The trade was a 33.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 161,709 shares of company stock worth $26,244,058 in the last three months. 0.23% of the stock is currently owned by insiders.

Procter & Gamble 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.