Pinnacle Financial Partners Inc Sells 10,405 Shares of Procter & Gamble Company (The) $PG

Pinnacle Financial Partners Inc decreased its position in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 160,146 shares of the company’s stock after selling 10,405 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Procter & Gamble were worth $24,606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Procter & Gamble during the 3rd quarter valued at $25,000. Signature Resources Capital Management LLC lifted its holdings in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares during the period. Corundum Trust Company INC acquired a new stake in shares of Procter & Gamble during the 3rd quarter worth approximately $32,000. Mid American Wealth Advisory Group Inc. bought a new position in shares of Procter & Gamble during the 2nd quarter worth about $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Stock Down 0.1%

Shares of NYSE:PG opened at $144.55 on Friday. The stock’s 50-day moving average is $144.72 and its 200 day moving average is $151.05. The company has a market cap of $337.77 billion, a PE ratio of 21.10, a P/E/G ratio of 4.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $179.99.

Procter & Gamble (NYSE:PGGet Free Report) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. During the same period last year, the company earned $1.93 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 61.61%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PG shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. TD Cowen dropped their price objective on shares of Procter & Gamble from $168.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Piper Sandler assumed coverage on Procter & Gamble in a research note on Wednesday, January 7th. They set a “neutral” rating and a $150.00 price objective on the stock. UBS Group lowered their target price on shares of Procter & Gamble from $176.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the stock from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fifteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $168.73.

Get Our Latest Stock Analysis on Procter & Gamble

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares of the company’s stock, valued at $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.20% of the company’s stock.

Key Stories Impacting Procter & Gamble

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Procter & Gamble Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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