Procter & Gamble Company (The) $PG Stock Sold by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 85.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,595 shares of the company’s stock after selling 9,754 shares during the period. Carnegie Lake Advisors LLC’s holdings in Procter & Gamble were worth $232,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PG. BlackRock Inc. bought a new stake in shares of Procter & Gamble in the 2nd quarter worth $27,862,105,000. State Street Corp raised its holdings in shares of 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 last quarter. Bank of America Corp DE bought a new position in shares of Procter & Gamble during the second quarter valued at about $3,850,628,000. Bank of New York Mellon Corp bought a new position in shares of Procter & Gamble during the second quarter valued at about $2,281,505,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Procter & Gamble by 2.6% during 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 last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $165.31 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $383.15 billion, a PE ratio of 24.90, a P/E/G ratio of 4.07 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $170.52. The company has a 50-day moving average price of $152.01 and a two-hundred day moving average price of $149.43.

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

Procter & Gamble Dividend Announcement

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

Insider Activity at Procter & Gamble

In other news, CEO Sundar G. Raman sold 38,253 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $6,311,745.00. Following the completion of the transaction, the chief executive officer directly owned 47,745 shares in the company, valued at approximately $7,877,925. This represents a 44.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew W. Janzaruk sold 9,479 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was 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 approximately $207,173. This represents a 88.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 161,709 shares of company stock valued at $26,244,058 in the last ninety days. Insiders own 0.23% of the company’s stock.

Key Stories Impacting Procter & Gamble

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

Analysts Set New Price Targets

PG has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $169.00 price objective on shares of Procter & Gamble in a research report on Friday, October 23rd. Sanford C. Bernstein reissued a “market perform” rating and set a $149.00 target price on shares of Procter & Gamble in a research report on Monday, August 24th. TD Cowen boosted their target price on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Finally, BNP Paribas Exane upped their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Procter & Gamble Company Profile