Pinnacle Financial Partners Inc Decreases Holdings in Procter & Gamble Company (The) $PG

Pinnacle Financial Partners Inc decreased its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,146 shares of the company’s stock after selling 10,405 shares during the period. Pinnacle Financial Partners Inc’s holdings in Procter & Gamble were worth $24,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Procter & Gamble during the third quarter worth approximately $25,000. Signature Resources Capital Management LLC lifted its position in 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 acquiring an additional 72 shares during the last quarter. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble in the 3rd quarter worth $32,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the second quarter valued at about $34,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Procter & Gamble in the second quarter worth $37,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $144.55 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $144.72 and its 200 day moving average price is $151.05. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99. The firm has a market cap of $337.77 billion, a P/E ratio of 21.10, a P/E/G ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last posted its quarterly earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.93 EPS. 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 year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.61%.

Insider Buying and Selling

In related news, CAO Matthew W. Janzaruk sold 725 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. This represents a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by company insiders.

Trending Headlines about Procter & Gamble

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PG shares. Cowen reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Thursday, January 8th. Barclays set a $155.00 price objective on Procter & Gamble in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Morgan Stanley set a $175.00 price target on Procter & Gamble in a report on Monday, October 27th. Finally, BNP Paribas Exane reduced their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Fifteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average price target of $168.73.

Check Out Our Latest Research Report on PG

Procter & Gamble Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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