Pittenger & Anderson Inc. Sells 4,644 Shares of Procter & Gamble Company (The) $PG

Pittenger & Anderson Inc. decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 15.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,885 shares of the company’s stock after selling 4,644 shares during the period. Pittenger & Anderson Inc.’s holdings in Procter & Gamble were worth $3,977,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble in the 3rd quarter worth approximately $25,000. Corundum Trust Company INC bought a new stake in shares of Procter & Gamble in the third quarter worth $32,000. Mid American Wealth Advisory Group Inc. bought a new position in Procter & Gamble in the second quarter valued at about $34,000. RMG Wealth Management LLC purchased a new position in Procter & Gamble in the second quarter worth about $37,000. Finally, Marquette Asset Management LLC purchased a new stake in shares of Procter & Gamble during the 3rd quarter valued at about $37,000. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $149.79 on Friday. 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 price of $144.87 and a 200 day moving average price of $150.34. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The firm has a market cap of $348.12 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 4.89 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s payout ratio is presently 62.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Raymond James Financial cut their target price on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Barclays set a $155.00 price objective on Procter & Gamble in a research note on Friday, January 16th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. Finally, Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the transaction, the insider owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This trade represents a 34.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

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.