Procter & Gamble Company (The) $PG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,386,805 shares of the company’s stock after selling 164,702 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Procter & Gamble worth $782,595,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PG. BlackRock Inc. acquired a new position in Procter & Gamble in the second quarter worth approximately $27,862,105,000. State Street Corp lifted its stake in Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock valued at $14,988,999,000 after acquiring an additional 965,461 shares during the last quarter. Bank of America Corp DE acquired a new stake in Procter & Gamble in the second quarter valued at approximately $3,850,628,000. Bank of New York Mellon Corp bought a new stake in Procter & Gamble in the second quarter worth approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP grew its position in Procter & Gamble by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock worth $1,704,182,000 after acquiring an additional 300,280 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Shailesh Jejurikar sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $163.09, for a total value of $5,708,150.00. Following the transaction, the chief executive officer owned 55,391 shares in the company, valued at $9,033,718.19. This trade represents a 38.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Marc Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the completion of the transaction, the insider owned 187,001 shares in the company, valued at $26,888,873.79. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 58,647 shares of company stock worth $9,268,508 in the last ninety days. 0.23% of the stock is owned by insiders.

Procter & Gamble Stock Up 0.5%

Shares of Procter & Gamble stock opened at $161.42 on Friday. The stock has a market capitalization of $374.14 billion, a P/E ratio of 24.31, a PEG ratio of 3.97 and a beta of 0.39. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $149.99 and a two-hundred day moving average price of $148.94. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter last year, the company posted $1.99 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect 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. Investors of record on Friday, October 23rd will be issued a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is currently 65.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PG shares. JPMorgan Chase & Co. increased their price target on shares of Procter & Gamble from $162.00 to $180.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Barclays lifted their price objective on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, October 26th. Royal Bank Of Canada set a $169.00 price objective on shares of Procter & Gamble in a report on Friday, October 23rd. Piper Sandler upped their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a report on Monday, October 26th. Finally, Wells Fargo & Company increased their target price on shares of Procter & Gamble from $164.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $170.57.

Key Stories Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Analyst upgrade: Freedom Broker upgraded PG from “hold” to “buy,” providing a positive signal for the stock and reflecting greater confidence in the company’s outlook. Freedom Broker upgrades Procter & Gamble to buy from hold
• Positive Sentiment: Dividend appeal remains strong: Articles highlighted PG as a long-standing dividend leader, supporting its appeal to income-focused and defensive investors. The company’s record of dividend increases may help underpin demand for the shares, particularly when investors favor stable consumer-staples businesses. Dividend Kings article Trusted dividend stocks article
• Neutral Sentiment: Bond issuance adds balance-sheet context: PG’s euro- and dollar-denominated bond sale provides liquidity and funding flexibility, but it also draws attention to leverage, interest costs, and the company’s relatively elevated valuation. Procter & Gamble bond sale
• Neutral Sentiment: Growth story under review: Commentary on PG points to accelerating revenue growth, while also noting that higher operating costs could pressure margins and earnings. Investors are weighing improved sales momentum against cost inflation. Procter & Gamble revenue growth and costs What changed in Procter & Gamble’s story
• Negative Sentiment: Mixed rating signals and valuation risk: DZ Bank downgraded PG from “strong-buy” to “hold.” With shares trading at a premium valuation, a more cautious analyst stance could weigh on upside unless earnings growth accelerates. DZ Bank rating change
• Negative Sentiment: Advertising challenge produced only a limited win: Following PG’s challenge, the National Advertising Division supported Carpe’s $19.95 reference price but recommended changes or removal of other savings, free-shipping, comparative-performance, and “first” 100-hour protection claims. The outcome may modestly strengthen competitive advertising standards, but it does not represent a material financial catalyst for PG. National Advertising Division decision involving Carpe

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.