Procter & Gamble Company (The) $PG Stock Position Increased by Renasant Bank

Renasant Bank increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 157.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,717 shares of the company’s stock after buying an additional 4,105 shares during the period. Renasant Bank’s holdings in Procter & Gamble were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. BlackRock Inc. acquired a new position in Procter & Gamble during the 2nd quarter worth $27,862,105,000. State Street Corp boosted its holdings in Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after acquiring an additional 965,461 shares during the period. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $3,850,628,000. Bank of New York Mellon Corp acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $2,281,505,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Procter & Gamble by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock worth $1,704,182,000 after purchasing an additional 300,280 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PG. Royal Bank Of Canada set a $169.00 price objective on Procter & Gamble in a research report on Friday, October 23rd. TD Cowen raised their target price on Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a report on Friday, October 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. UBS Group set a $166.00 price target on Procter & Gamble in a report on Friday, October 23rd. Finally, HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the company from $182.00 to $149.00 in a research report on Thursday, July 30th. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble Stock Up 0.1%

NYSE PG opened at $168.43 on Wednesday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.52. The stock has a market cap of $390.38 billion, a PE ratio of 25.37, a PEG ratio of 4.14 and a beta of 0.36. The firm has a 50-day simple moving average of $152.95 and a 200 day simple moving average of $149.64. 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 (NYSE:PG) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.11. The firm had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.99 earnings per share. On average, research analysts forecast that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be given a dividend of $1.0885 per share. The ex-dividend date is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble’s payout ratio is currently 65.51%.

Insiders Place Their Bets

In related news, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the completion of the transaction, the chief financial officer directly owned 65,618 shares in the company, valued at approximately $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 SEC, which is available through this hyperlink. Also, CEO Shailesh Jejurikar sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares in the company, valued at $9,033,718.19. This represents a 38.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 197,756 shares of company stock valued at $32,336,001 in the last ninety days. 0.23% of the stock is currently owned by insiders.

Key Procter & Gamble News

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 Company 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.