Procter & Gamble Company (The) $PG Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co cut its stake in Procter & Gamble Company (The) (NYSE:PG) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,992 shares of the company’s stock after selling 3,337 shares during the period. Heartland Bank & Trust Co’s holdings in Procter & Gamble were worth $1,382,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PG. Norges Bank purchased a new stake in shares of Procter & Gamble during the second quarter worth approximately $5,099,644,000. Laurel Wealth Advisors LLC lifted its stake in Procter & Gamble by 15,971.7% in the second quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after acquiring an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. grew its holdings in Procter & Gamble by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares in the last quarter. Invesco Ltd. increased its position in shares of Procter & Gamble by 21.4% in the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after purchasing an additional 2,880,895 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Procter & Gamble by 66.3% in the 2nd quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock valued at $877,014,000 after purchasing an additional 2,195,560 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Up 1.4%

Shares of Procter & Gamble stock opened at $160.77 on Friday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a market cap of $373.62 billion, a P/E ratio of 23.82, a PEG ratio of 5.27 and a beta of 0.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The firm has a fifty day moving average of $149.02 and a two-hundred day moving average of $150.70.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 23rd. Procter & Gamble’s dividend payout ratio is 62.67%.

Insiders Place Their Bets

In related news, Chairman Jon R. Moeller sold 162,232 shares of Procter & Gamble stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares in the company, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ma. Fatima Francisco sold 8,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $158.00, for a total value of $1,264,000.00. Following the transaction, the chief executive officer directly owned 6,571 shares in the company, valued at $1,038,218. This represents a 54.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 341,260 shares of company stock worth $54,256,985. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a research note on Friday, January 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Tuesday. Erste Group Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group boosted their target price on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and increased their price target for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $168.33.

Procter & Gamble Company Profile

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.