Park Avenue Securities LLC Acquires 3,720 Shares of Procter & Gamble Company (The) $PG

Park Avenue Securities LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.3% in the 3rd quarter, Holdings Channel reports. The fund owned 117,224 shares of the company’s stock after acquiring an additional 3,720 shares during the quarter. Park Avenue Securities LLC’s holdings in Procter & Gamble were worth $17,030,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $27,862,105,000. Bank of America Corp DE purchased a new position in Procter & Gamble during the second quarter worth approximately $3,850,628,000. Bank of New York Mellon Corp purchased a new position in Procter & Gamble during the second quarter worth approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Procter & Gamble during the second quarter worth approximately $1,480,650,000. Finally, Corient Private Wealth LP acquired a new position in Procter & Gamble during the second quarter worth $335,908,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the completion of the sale, the chief executive officer directly owned 55,391 shares of the company’s stock, valued at approximately $9,033,718.19. This represents a 38.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andre Schulten sold 3,914 shares of Procter & Gamble stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total value of $568,860.76. Following the completion of the transaction, the chief financial officer owned 65,618 shares in the company, valued at $9,536,920.12. This trade represents a 5.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 58,647 shares of company stock valued at $9,268,508. 0.23% of the stock is currently owned by company insiders.

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Exchange-traded funds purchased approximately $82.8 million of PG stock on October 22, indicating institutional demand and potentially providing support for the shares. ETFs Bought $82.8 Million of Procter & Gamble
• Positive Sentiment: Several analysts remain constructive: JPMorgan raised its price target, while TD Cowen, BNP Paribas Exane and Citigroup reportedly forecast further appreciation. Freedom Broker also upgraded PG to Buy. JPMorgan Price Target Increase TD Cowen Forecast
• Positive Sentiment: Investment commentary highlights PG’s strong household-product market shares and appeal as a high-yield, defensive dividend stock—factors that may attract income-oriented investors. High-Yield Dividend Stock Comparison
• Neutral Sentiment: Articles comparing PG with Colgate-Palmolive and discussing TIPS, Treasury bills and dividend stocks reinforce PG’s defensive and income-investment appeal, but provide limited new company-specific information. PG Versus CL
• Negative Sentiment: Higher oil prices could raise manufacturing, packaging, transportation and other costs. Unless offset by pricing or productivity gains, this would pressure PG’s margins and earnings outlook. Impact of Higher Oil Prices
• Negative Sentiment: Insiders reported notable selling: Shailesh Jejurikar sold 35,000 shares worth about $5.7 million, while other executives sold shares as well. These transactions are not necessarily bearish, but the reductions in ownership can create a modest sentiment overhang. SEC Insider Filing

Wall Street Analysts Forecast Growth

PG has been the subject of several analyst reports. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a report on Friday. JPMorgan Chase & Co. lifted their price target on Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a report on Friday. Barclays boosted their price target on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research report on Monday. BMO Capital Markets boosted their price target on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Procter & Gamble Trading Down 0.7%

Shares of NYSE PG opened at $159.96 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $370.75 billion, a PE ratio of 24.09, a PEG ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $167.25. The stock has a fifty day simple moving average of $148.38 and a 200-day simple moving average of $148.47.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion during the quarter, compared to analysts’ expectations of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the business posted $1.99 EPS. On average, equities analysts forecast that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.51%.

Procter & Gamble Profile

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.