Procter & Gamble Company (The) $PG Stock: Wealth Dimensions Group Ltd. Boosts Position

Wealth Dimensions Group Ltd. raised its position in Procter & Gamble Company (The) (NYSE:PG) by 9.7% during the 3rd quarter, Holdings Channel reports. The firm owned 223,638 shares of the company’s stock after acquiring an additional 19,712 shares during the quarter. Procter & Gamble comprises about 5.5% of Wealth Dimensions Group Ltd.’s holdings, making the stock its 5th biggest position. Wealth Dimensions Group Ltd.’s holdings in Procter & Gamble were worth $32,490,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PG. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble during the 2nd quarter worth $26,000. Montgomery Financial Services LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth about $28,000. Paladin Partners LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $29,000. Evergreen Advisors LLC acquired a new stake in Procter & Gamble in the 1st quarter valued at about $37,000. Finally, Toews Corp ADV acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of several recent research reports. Barclays raised their target price on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. BNP Paribas Exane increased their price target on shares of Procter & Gamble from $177.00 to $189.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Royal Bank Of Canada set a $169.00 price target on shares of Procter & Gamble in a research report on Friday, October 23rd. Piper Sandler raised their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Finally, DZ Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 27th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.57.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $167.37 on Thursday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $168.17. The stock has a market capitalization 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. The firm’s 50-day moving average is $151.12 and its two-hundred day moving average is $149.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

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

Procter & Gamble Dividend Announcement

The company also recently announced 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 65.51%.

Insider Activity

In other Procter & Gamble news, CEO Shailesh Jejurikar sold 35,000 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the transaction, the chief executive officer owned 55,391 shares of the company’s stock, valued at $9,033,718.19. This represents a 38.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew W. Janzaruk sold 9,479 shares of the stock in a transaction 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 transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $207,173. This represents a 88.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 128,085 shares of company stock valued at $20,696,098 in the last 90 days. Insiders own 0.23% of the company’s stock.

Procter & Gamble News Roundup

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.