Procter & Gamble Company (The) $PG Shares Sold by Covea Finance

Covea Finance cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 39.4% during the third quarter, Holdings Channel reports. The firm owned 39,649 shares of the company’s stock after selling 25,800 shares during the quarter. Covea Finance’s holdings in Procter & Gamble were worth $6,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PG. Horst & Graben Wealth Management LLC raised its holdings in Procter & Gamble by 0.9% during the 3rd quarter. Horst & Graben Wealth Management LLC now owns 16,000 shares of the company’s stock worth $2,458,000 after buying an additional 147 shares during the period. Uncommon Cents Investing LLC boosted its holdings in shares of Procter & Gamble by 3.4% in the third quarter. Uncommon Cents Investing LLC now owns 4,545 shares of the company’s stock worth $698,000 after buying an additional 150 shares during the period. Capital Advisors Wealth Management LLC increased its position in shares of Procter & Gamble by 10.5% in the third quarter. Capital Advisors Wealth Management LLC now owns 5,116 shares of the company’s stock worth $786,000 after acquiring an additional 488 shares in the last quarter. Virginia Wealth Management Group Inc. raised its holdings in shares of Procter & Gamble by 1.4% during the third quarter. Virginia Wealth Management Group Inc. now owns 23,294 shares of the company’s stock valued at $3,579,000 after acquiring an additional 318 shares during the period. Finally, Borer Denton & Associates Inc. lifted its position in shares of Procter & Gamble by 6.6% in the 3rd quarter. Borer Denton & Associates Inc. now owns 5,453 shares of the company’s stock valued at $838,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the transaction, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the sale, the chief operating officer owned 46,899 shares in the company, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 30,308 shares of company stock valued at $4,611,852 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. UBS Group lowered their price objective on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on Procter & Gamble in a research report on Monday, October 27th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Raymond James Financial reduced their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.38.

Procter & Gamble Stock Performance

NYSE PG opened at $144.53 on Friday. The company’s fifty day moving average is $146.94 and its two-hundred day moving average is $152.97. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The firm has a market capitalization of $337.72 billion, a price-to-earnings ratio of 21.10, a P/E/G ratio of 4.87 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter last year, the company earned $1.93 earnings per share. The firm’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 61.75%.

About Procter & Gamble

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.