Griffith & Werner Inc. raised its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 12.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,602 shares of the company’s stock after acquiring an additional 3,833 shares during the quarter. Procter & Gamble comprises approximately 1.7% of Griffith & Werner Inc.’s portfolio, making the stock its 21st biggest holding. Griffith & Werner Inc.’s holdings in Procter & Gamble were worth $5,172,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Procter & Gamble in the second quarter valued at $27,862,105,000. Bank of America Corp DE bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $3,850,628,000. Bank of New York Mellon Corp bought a new stake in shares of Procter & Gamble during the 2nd quarter valued at $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Procter & Gamble during the 2nd quarter worth about $1,480,650,000. Finally, Corient Private Wealth LP purchased a new stake in Procter & Gamble during the 2nd quarter worth about $335,908,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.
Procter & Gamble News Summary
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
Wall Street Analysts Forecast Growth
Several research analysts have commented on PG shares. Barclays raised their target price on Procter & Gamble from $152.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, October 26th. Morgan Stanley upped their price target on Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target on the stock in a report on Tuesday, October 6th. 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. Finally, TD Cowen boosted their price objective on shares of Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.
Get Our Latest Stock Report on PG
Insider Transactions at Procter & Gamble
In related news, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $164.43, for a total value of $3,093,257.16. Following the transaction, the insider directly owned 55,243 shares in the company, valued at approximately $9,083,606.49. This represents a 25.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar G. Raman sold 38,253 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $165.00, for a total transaction of $6,311,745.00. Following the completion of the sale, the chief executive officer directly owned 47,745 shares in the company, valued at $7,877,925. This represents a 44.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 161,709 shares of company stock worth $26,244,058. 0.23% of the stock is owned by insiders.
Procter & Gamble Trading Down 0.1%
Procter & Gamble stock opened at $165.31 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.52. The stock has a market cap of $383.15 billion, a P/E ratio of 24.90, a PEG ratio of 4.07 and a beta of 0.36. The firm’s fifty day moving average price is $152.01 and its 200-day moving average price is $149.43.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter last year, the company earned $1.99 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal 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 of this dividend is Friday, October 23rd. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.
Procter & Gamble Profile
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