Procter & Gamble Company (The) $PG Stock: Provenance Wealth Advisors LLC Increases Position

Provenance Wealth Advisors LLC raised its position in Procter & Gamble Company (The) (NYSE:PG) by 300.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,536 shares of the company’s stock after acquiring an additional 5,652 shares during the period. Provenance Wealth Advisors LLC’s holdings in Procter & Gamble were worth $1,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Procter & Gamble during the second quarter worth about $27,862,105,000. State Street Corp lifted its position in Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after purchasing an additional 965,461 shares during the period. Bank of America Corp DE acquired a new stake in Procter & Gamble in the second quarter valued at about $3,850,628,000. Bank of New York Mellon Corp purchased a new stake in Procter & Gamble in the 2nd quarter valued at approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Procter & Gamble by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after purchasing an additional 300,280 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

PG has been the topic of several recent analyst reports. Evercore upgraded Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 target price on the stock in a research report on Tuesday, October 6th. UBS Group set a $166.00 price target on Procter & Gamble in a research note on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price objective on Procter & Gamble in a report on Friday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, September 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Fifteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Stock Up 3.3%

PG stock opened at $167.37 on Thursday. 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 company’s 50-day moving average price is $151.12 and its 200 day moving average price is $149.23. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $168.17. The company has a market cap of $387.93 billion, a P/E ratio of 25.21, a P/E/G ratio of 3.98 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $22.80 billion. During the same period last year, the company posted $1.99 earnings per share. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be issued a $1.0885 dividend. 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 dividend payout ratio is currently 65.51%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 9,479 shares of the business’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $163.00, for a total transaction of $1,545,077.00. Following the sale, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $207,173. The trade was a 88.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar G. Raman sold 38,253 shares of the company’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $165.00, for a total value of $6,311,745.00. Following the completion of the sale, the chief executive officer directly owned 47,745 shares in the company, valued at $7,877,925. This trade represents a 44.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,085 shares of company stock worth $20,696,098 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

Procter & Gamble News Summary

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

• Positive Sentiment: Following the midterm elections, investors have favored established dividend payers such as P&G. The company’s recent quarter showed resilience: earnings and revenue topped consensus estimates, while sales grew 4% year over year. Article: Dividend Kings reach 52-week highs
• Positive Sentiment: P&G’s pricing power and strong brand loyalty may help it preserve sales and dividend purchasing power while inflation remains above 3%. It has raised its dividend for 70 consecutive years, reinforcing its appeal to income-focused investors. Article: Dividend stocks with pricing power
• Neutral Sentiment: P&G closed a €3.25 billion euro-note offering. The financing raises capital, but also entails debt obligations; the report did not detail how proceeds will be used. Article: Euro note offering
• Negative Sentiment: Rising costs and value-conscious shoppers could pressure growth in P&G’s premium brands, even as innovation and customer loyalty remain strengths. Article: Premium brands in a value-seeking market
• Negative Sentiment: Multiple insiders, including executives and the chief accounting officer, recently reported share sales. These transactions may concern investors, though sales alone do not necessarily signal a negative view of the company. Article: CEO share sale

About Procter & Gamble

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.