HBK Sorce Advisory LLC Raises Stock Position in Procter & Gamble Company (The) $PG

HBK Sorce Advisory LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,771 shares of the company’s stock after acquiring an additional 5,954 shares during the period. HBK Sorce Advisory LLC’s holdings in Procter & Gamble were worth $11,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. OFI Invest Asset Management increased its holdings in shares of Procter & Gamble by 1.6% in the third quarter. OFI Invest Asset Management now owns 394,819 shares of the company’s stock worth $60,664,000 after purchasing an additional 6,339 shares during the period. LongView Wealth Management grew its position in Procter & Gamble by 7.0% during the third quarter. LongView Wealth Management now owns 6,306 shares of the company’s stock worth $969,000 after buying an additional 415 shares in the last quarter. Arvest Investments Inc. increased its stake in Procter & Gamble by 5.0% in the 3rd quarter. Arvest Investments Inc. now owns 10,118 shares of the company’s stock worth $1,555,000 after acquiring an additional 486 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of Procter & Gamble by 4.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 50,325 shares of the company’s stock valued at $7,732,000 after acquiring an additional 2,025 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Procter & Gamble by 60.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 162,752 shares of the company’s stock valued at $25,007,000 after acquiring an additional 61,082 shares during the last quarter. 65.77% of the stock is owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 3,227 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $108,438.25. Following the completion of the transaction, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,308 shares of company stock worth $4,611,852 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating and upped their price objective for the stock from $156.00 to $179.00 in a research report on Tuesday, December 16th. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. lowered their price objective on shares of 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 cut their target price on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Finally, Barclays lowered their price target on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Monday, December 8th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock opened at $142.70 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a 52-week low of $138.14 and a 52-week high of $179.99. The company has a fifty day moving average of $147.22 and a 200-day moving average of $153.24. The stock has a market capitalization of $333.45 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 4.86 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter last year, the company earned $1.93 EPS. The firm’s 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. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s payout ratio is 61.75%.

Procter & Gamble Company Profile

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.