Calamos Advisors LLC Acquires 7,529 Shares of Procter & Gamble Company (The) $PG

Calamos Advisors LLC increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 1.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 484,794 shares of the company’s stock after acquiring an additional 7,529 shares during the quarter. Calamos Advisors LLC’s holdings in Procter & Gamble were worth $70,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Baxter Bros Inc. acquired a new position in Procter & Gamble in the second quarter valued at $12,381,000. Empowered Funds LLC acquired a new stake in Procter & Gamble during the 2nd quarter worth about $53,549,000. Capstone Capital Management Ltd acquired a new stake in Procter & Gamble during the 3rd quarter worth about $991,000. Bank of America Corp DE acquired a new stake in Procter & Gamble during the 2nd quarter worth about $3,850,628,000. Finally, Rokos Capital Management LLP bought a new position in shares of Procter & Gamble in the 1st quarter worth about $29,914,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Down 1.1%

Shares of PG stock traded down $1.79 on Friday, reaching $165.31. 7,872,284 shares of the company were exchanged, compared to its average volume of 10,330,998. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53. The company has a 50-day moving average of $152.01 and a 200-day moving average of $149.43. The company has a market cap of $383.15 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a one year low of $137.62 and a one year high of $170.52.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The business had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same period in the previous year, the company posted $1.99 EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. Analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be paid a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is 65.51%.

Key Procter & Gamble News

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

Insider Activity

In related news, CEO Sundar G. Raman sold 38,253 shares of the 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul Gama sold 2,894 shares of Procter & Gamble stock in a transaction on Friday, October 30th. The shares were sold at an average price of $165.00, for a total transaction of $477,510.00. Following the completion of the sale, the chief executive officer directly owned 43,899 shares of the company’s stock, valued at approximately $7,243,335. The trade was a 6.18% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 161,709 shares of company stock valued at $26,244,058. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Procter & Gamble from $145.00 to $167.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Royal Bank Of Canada set a $169.00 target price on Procter & Gamble in a research note on Friday, October 23rd. TD Cowen lifted their target price on Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. Citigroup boosted their price target on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $161.00 price target on shares of Procter & Gamble in a report on Thursday, October 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and a consensus target price of $170.57.

Procter & Gamble Profile