94,035 Procter & Gamble Company (The) $PG Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,342,501 shares of the company’s stock after selling 94,035 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Procter & Gamble were worth $195,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. BlackRock Inc. purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth about $27,862,105,000. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $3,850,628,000. Bank of New York Mellon Corp acquired a new stake in shares of Procter & Gamble during the 2nd quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at about $1,480,650,000. Finally, Corient Private Wealth LP purchased a new position in shares of Procter & Gamble in the 2nd quarter valued at about $335,908,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CAO Matthew Janzaruk sold 9,479 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total value of $1,545,077.00. Following the transaction, the chief accounting officer owned 1,271 shares in the company, valued at approximately $207,173. This trade represents a 88.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Victor Aguilar sold 18,812 shares of Procter & Gamble stock in a transaction on Friday, October 30th. The stock was sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the sale, the insider directly owned 55,243 shares in the company, valued at approximately $9,083,606.49. This trade represents a 25.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,709 shares of company stock worth $26,244,058 in the last ninety days. Company insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PG. Bank of America reduced their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a report on Friday, July 10th. 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. The Goldman Sachs Group restated a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Procter & Gamble in a research note on Friday, October 23rd. Finally, HSBC lowered Procter & Gamble from a “buy” rating to a “hold” rating and decreased their target price for the company from $182.00 to $149.00 in a research report on Thursday, July 30th. Fifteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble Price Performance

NYSE:PG opened at $167.15 on Friday. The stock has a 50 day moving average of $151.56 and a two-hundred day moving average of $149.34. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. The firm has a market cap of $387.41 billion, a P/E ratio of 25.17, a price-to-earnings-growth ratio of 4.11 and a beta of 0.36. 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 released its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate 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 quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 earnings per share. On average, analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a $1.0885 dividend. 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 is currently 65.51%.

Trending Headlines about Procter & Gamble

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

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.