Procter & Gamble Company (The) $PG Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its position in Procter & Gamble Company (The) (NYSE:PG) by 9.6% during the third quarter, HoldingsChannel.com reports. The firm owned 620,215 shares of the company’s stock after buying an additional 54,539 shares during the quarter. Kestra Advisory Services LLC’s holdings in Procter & Gamble were worth $90,105,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PG. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Procter & Gamble during the second quarter worth about $26,000. Montgomery Financial Services LLC acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at approximately $28,000. Paladin Partners LLC bought a new position in Procter & Gamble during the 2nd quarter valued at $29,000. Toews Corp ADV bought a new position in shares of Procter & Gamble during the second quarter worth about $37,000. Finally, Evergreen Advisors LLC bought a new position in Procter & Gamble during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Procter & Gamble Trading Down 0.1%

NYSE:PG opened at $167.15 on Friday. The firm has a market capitalization of $387.41 billion, a P/E ratio of 25.17, a P/E/G ratio of 4.11 and a beta of 0.36. The business has a 50 day simple moving average of $151.56 and a 200 day simple moving average of $149.34. 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 Company has a 12-month low of $137.62 and a 12-month high of $170.52.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders 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 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio is currently 65.51%.

Key Procter & Gamble News

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

• Positive Sentiment: P&G recently reached a 52-week high as investors favored reliable dividend-paying consumer-staples companies amid political uncertainty. Its latest reported quarter also beat earnings and revenue estimates, with sales up 4% year over year. Article: Dividend stocks reach highs
• Neutral Sentiment: P&G will webcast its November 19 Investor Day, where its leadership team plans to discuss strategy and the company’s long-term transformation. Investors may look for details on growth plans and execution. Article: Investor Day webcast
• Neutral Sentiment: Bernstein maintained a Hold rating on PG, suggesting a cautious view rather than a clear near-term catalyst. Article: Bernstein rating
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares, reducing his direct holding by about 34%. Insider sales can weigh on sentiment, although they do not necessarily signal a change in the company’s outlook. Article: CFO share sale
• Negative Sentiment: A comparison of P&G and Colgate-Palmolive flagged rising oil prices and cautious U.S. shoppers as challenges for margins. The report says the companies’ margins are moving in opposite directions but does not specify which direction applies to P&G. Article: P&G and Colgate-Palmolive comparison

Analyst Ratings Changes

PG has been the topic of a number of research reports. Freedom Broker raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Friday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. UBS Group set a $166.00 price objective on shares of Procter & Gamble in a research report on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $161.00 price objective on shares of Procter & Gamble in a research note on Thursday, October 22nd. Finally, TD Cowen raised their target price on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a “hold” rating in a report on Friday, October 23rd. Fifteen investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $170.57.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Shailesh Jejurikar sold 35,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the completion of the transaction, the chief executive officer directly owned 55,391 shares of the company’s stock, valued at $9,033,718.19. The trade was a 38.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 33,624 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total transaction of $5,547,960.00. Following the completion of the transaction, the chief financial officer owned 65,618 shares of the company’s stock, valued at approximately $10,826,970. This trade represents a 33.88% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety 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.

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.