Procter & Gamble Company (The) $PG Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN lifted its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 13.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 95,332 shares of the company’s stock after acquiring an additional 11,275 shares during the quarter. OLD National Bancorp IN’s holdings in Procter & Gamble were worth $14,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble in the first quarter worth $26,000. Signature Resources Capital Management LLC raised its holdings in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the last quarter. Quarry LP bought a new position in Procter & Gamble in the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC bought a new stake in Procter & Gamble during the 2nd quarter valued at $37,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Bank of America dropped their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Berenberg Bank upped their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and lifted their target price for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Raymond James Financial cut their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.38.

Procter & Gamble Stock Up 0.4%

Shares of Procter & Gamble stock opened at $143.20 on Wednesday. The firm has a market cap of $334.62 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 4.81 and a beta of 0.39. The stock has a 50-day simple moving average of $147.10 and a 200-day simple moving average of $153.09. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 61.61%.

Insider Activity

In other news, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the transaction, the chief executive officer owned 61,764 shares in the company, valued at $9,402,333.72. The trade was a 4.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 30,308 shares of company stock valued at $4,611,852. Insiders own 0.20% of the company’s stock.

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.