Keybank National Association OH cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 19.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,130,101 shares of the company’s stock after selling 265,252 shares during the period. Keybank National Association OH’s holdings in Procter & Gamble were worth $164,181,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the 2nd quarter valued at approximately $27,862,105,000. Bank of America Corp DE acquired a new position in Procter & Gamble during the second quarter worth $3,850,628,000. Bank of New York Mellon Corp acquired a new position in Procter & Gamble during the second quarter worth $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Procter & Gamble during the second quarter worth $1,480,650,000. Finally, Corient Private Wealth LP bought a new stake in Procter & Gamble during the second quarter worth $335,908,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CFO Andre Schulten sold 33,624 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 65,618 shares of the company’s stock, valued at $10,826,970. This represents a 33.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Raman sold 38,253 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $165.00, for a total transaction of $6,311,745.00. Following the sale, the chief executive officer owned 47,745 shares of the company’s stock, valued at approximately $7,877,925. This represents a 44.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 197,756 shares of company stock valued at $32,336,001. 0.23% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have commented on PG. Morgan Stanley increased their price target on shares of Procter & Gamble from $166.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, October 23rd. The Goldman Sachs Group restated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. Barclays upped their target price on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Finally, Freedom Broker upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus price target of $170.57.
Get Our Latest Research Report on PG
Procter & Gamble News Summary
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: PG’s Beauty business posted 5% organic sales growth in fiscal Q1 2027, supported by Pantene and SK-II, product innovation, and stronger brand execution. Sustaining that momentum could help support growth, though its impact on the broader business remains uncertain. Article: Is Procter & Gamble’s Beauty Momentum Enough to Lift Growth?
- Neutral Sentiment: P&G named Shalini Saraswat Brand Director and Business Head for Pantene India, bringing prior P&G brand leadership and R&D experience. The appointment supports the company’s focus on hair care in India, but no expected financial effect was specified. Article: What Does Procter & Gamble Naming a New India Beauty Head Signal?
- Neutral Sentiment: In an advertising challenge brought by P&G, the National Advertising Division concluded that Unilever had substantiation for its challenged Dove body-wash moisturizing claims. This is a competitive setback for P&G, but no direct financial impact was reported. Article: National Advertising Division Found Unilever’s Dove Deep Moisture Body Wash Claims Supported
- Negative Sentiment: CEO Juliana Mont Santos sold 5,370 shares and CFO Andre Schulten sold 30,677 shares, both at $169 on Nov. 5. Each retained shares, but the sales and reductions in their respective holdings could weigh on investor sentiment. Article: Procter & Gamble CFO Andre Schulten Sells Shares CEO SEC filing
Procter & Gamble Stock Performance
Shares of NYSE PG opened at $168.43 on Wednesday. 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 Company has a 12 month low of $137.62 and a 12 month high of $170.52. The stock has a 50 day moving average of $152.95 and a 200-day moving average of $149.64. The company has a market capitalization of $390.38 billion, a P/E ratio of 25.37, a P/E/G ratio of 4.14 and a beta of 0.36.
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings results 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. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business had revenue of $23.28 billion for the quarter, compared to analysts’ expectations of $22.80 billion. During the same quarter in the prior year, the business earned $1.99 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that Procter & Gamble Company will post 6.99 EPS for the current year.
Procter & Gamble Announces Dividend
The business also recently disclosed 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. This represents a $4.35 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is currently 65.51%.
Procter & Gamble Profile
The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.
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