Procter & Gamble Company (The) $PG Shares Sold by SVB Wealth LLC

SVB Wealth LLC trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.3% during the third quarter, Holdings Channel reports. The firm owned 49,940 shares of the company’s stock after selling 3,935 shares during the quarter. SVB Wealth LLC’s holdings in Procter & Gamble were worth $7,255,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC grew its stake in shares of Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after buying an additional 64 shares in the last quarter. Clark Wealth Partners raised its holdings in shares of Procter & Gamble by 20.6% in the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock valued at $56,000 after buying an additional 66 shares during the period. Kuhn & Co Investment Counsel lifted its stake in Procter & Gamble by 1.0% during the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after acquiring an additional 66 shares in the last quarter. Whelan Financial lifted its stake in Procter & Gamble by 1.9% during the 3rd quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after acquiring an additional 68 shares in the last quarter. Finally, Midwest Professional Planners LTD. boosted its holdings in Procter & Gamble by 2.6% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock valued at $410,000 after acquiring an additional 70 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PG has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a report on Monday, August 24th. Piper Sandler lifted their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Morgan Stanley upped their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. HSBC lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and reduced their target price for the stock from $182.00 to $149.00 in a report on Thursday, July 30th. Finally, Royal Bank Of Canada set a $169.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Trading Up 0.2%

NYSE:PG opened at $168.02 on Friday. 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 1 year low of $137.62 and a 1 year high of $170.52. The stock has a market cap of $389.43 billion, a P/E ratio of 25.30, a P/E/G ratio of 4.12 and a beta of 0.36. The stock has a 50-day simple moving average of $153.80 and a 200-day simple moving average of $149.82.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The company had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. During the same period in the prior year, the firm posted $1.99 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.51%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 30,677 shares of Procter & Gamble stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $5,184,413.00. Following the transaction, the chief financial officer owned 65,618 shares of the company’s stock, valued at $11,089,442. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matthew Janzaruk sold 9,479 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the completion of the sale, the chief accounting officer directly owned 1,271 shares of the company’s stock, valued at $207,173. The trade was a 88.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 200,006 shares of company stock worth $32,715,058. Insiders own 0.23% of the company’s stock.

Latest Procter & Gamble News

Investors following PG have been watching these news items:

• Neutral Sentiment: A valuation analysis questions whether P&G’s share price is supported by future cash flows, noting its 29.7% five-year return. The article raises a valuation question rather than offering a clear near-term catalyst. Article: Is Procter & Gamble Worth More Than Its Price Today?
• Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares at an average of $168.47, reducing his direct holding by 20.06% to 8,968 shares. The transaction could raise concerns, though he retains a stake and a sale alone does not establish a change in the company’s outlook. SEC Form 4 filing
• Negative Sentiment: One market commentator preferred Nvidia to P&G, citing P&G’s roughly 23-times earnings valuation. That comparison may weigh on sentiment among investors seeking cheaper growth opportunities. Article: Nvidia at 11X Earnings?

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.