3,935 Procter & Gamble Company (The) $PG Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 7.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,940 shares of the company’s stock after selling 3,935 shares during the period. SVB Wealth LLC’s holdings in Procter & Gamble were worth $7,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ellis Investment Partners LLC raised its position in shares of Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock valued at $1,281,000 after buying an additional 64 shares during the last quarter. Clark Wealth Partners lifted its stake in shares of Procter & Gamble by 20.6% in the third quarter. Clark Wealth Partners now owns 387 shares of the company’s stock worth $56,000 after buying an additional 66 shares in the last quarter. Kuhn & Co Investment Counsel lifted its stake in shares of Procter & Gamble by 1.0% in the third quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after buying an additional 66 shares in the last quarter. Whelan Financial boosted its position in Procter & Gamble by 1.9% during the third quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after acquiring an additional 68 shares during the last quarter. Finally, Midwest Professional Planners LTD. boosted its position in Procter & Gamble by 2.6% during the second quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company’s stock worth $410,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Juliana Azevedo sold 5,370 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $169.00, for a total transaction of $907,530.00. Following the completion of the sale, the chief executive officer owned 21,361 shares of the company’s stock, valued at $3,610,009. This trade represents a 20.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andre Schulten sold 30,677 shares of Procter & Gamble stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $169.00, for a total value of $5,184,413.00. Following the completion of the sale, the chief financial officer owned 65,618 shares in the company, valued at $11,089,442. This represents a 31.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 200,006 shares of company stock valued at $32,715,058 over the last 90 days. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BNP Paribas Exane raised their target price on shares of Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Sanford C. Bernstein restated a “market perform” rating and issued a $149.00 price target on shares of Procter & Gamble in a research report on Monday, August 24th. JPMorgan Chase & Co. upped their price target on Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a report on Thursday, October 22nd. Finally, Deutsche Bank reiterated a “buy” rating on shares of Procter & Gamble in a research report on Friday, October 23rd. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

Recent Procter & Gamble Headlines

These are some of the PG headlines that stood out recently:

• Neutral Sentiment: A valuation analysis questions whether P&G’s share price is supported by future cash flows, noting its 29.7% five-year return. The article raises a valuation question rather than offering a clear near-term catalyst. Article: Is Procter & Gamble Worth More Than Its Price Today?
• Negative Sentiment: CEO El Hak Hesham Abd sold 2,250 shares at an average of $168.47, reducing his direct holding by 20.06% to 8,968 shares. The transaction could raise concerns, though he retains a stake and a sale alone does not establish a change in the company’s outlook. SEC Form 4 filing
• Negative Sentiment: One market commentator preferred Nvidia to P&G, citing P&G’s roughly 23-times earnings valuation. That comparison may weigh on sentiment among investors seeking cheaper growth opportunities. Article: Nvidia at 11X Earnings?

Procter & Gamble Stock Performance

NYSE:PG opened at $168.02 on Friday. The company’s 50-day moving average is $153.80 and its two-hundred day moving average is $149.82. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $170.52. 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 firm has a market capitalization of $389.43 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 4.12 and a beta of 0.36.

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

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is presently 65.51%.

Procter & Gamble Company Profile

The Procter & Gamble Company is a consumer goods company that develops, manufactures and markets products for everyday use. Founded in 1837 by William Procter and James Gamble, the company is headquartered in Cincinnati, Ohio. Its products span beauty, grooming, health care, fabric and home care, and baby, feminine and family care. Well-known brands include Tide, Pampers, Gillette, Pantene, Olay, Oral-B, Crest, Dawn, Charmin and Bounty. Procter & Gamble sells its products in markets around the world through retail stores, e-commerce platforms and other distribution channels.