Procter & Gamble Company (The) $PG Stock Sold by Kelleher Financial Advisors

Kelleher Financial Advisors lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 99.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,418 shares of the company’s stock after selling 407,327 shares during the period. Kelleher Financial Advisors’ holdings in Procter & Gamble were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

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

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 firm has a 50-day moving average of $151.12 and a two-hundred day moving average of $149.23. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $168.17. The company has a market cap of $387.93 billion, a price-to-earnings ratio of 25.21, a PEG 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 for the quarter, topping the consensus estimate of $1.89 by $0.11. The business had revenue of $23.28 billion for 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%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.99 EPS. As a group, analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Insider Activity

In other Procter & Gamble news, CEO Paul Gama sold 4,331 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $161.27, for a total value of $698,460.37. Following the completion of the sale, the chief executive officer directly owned 46,793 shares of the company’s stock, valued at $7,546,307.11. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 38,253 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly owned 47,745 shares of the company’s stock, valued at $7,877,925. This trade represents a 44.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,085 shares of company stock valued at $20,696,098 in the last 90 days. 0.23% of the stock is owned by insiders.

Trending Headlines about Procter & Gamble

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

Analysts Set New Price Targets

PG has been the topic of a number of research analyst reports. Bank of America lowered their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. DZ Bank lowered Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. TD Cowen lifted their target price on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a research note on Friday, October 23rd. Finally, Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research note on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

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.