Foster Victor Wealth Advisors LLC lifted its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 90,979 shares of the company’s stock after buying an additional 6,292 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Procter & Gamble were worth $14,346,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Baxter Bros Inc. purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at $12,381,000. Empowered Funds LLC acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $53,549,000. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $3,850,628,000. Rokos Capital Management LLP purchased a new position in Procter & Gamble during the 1st quarter worth $29,914,000. Finally, State Street Corp grew its stake in Procter & Gamble by 1.0% during the 2nd quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after buying an additional 965,461 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Shares of PG opened at $156.97 on Thursday. The firm has a market capitalization of $364.58 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 3.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company’s fifty day moving average price is $147.65 and its 200-day moving average price is $146.83.
Procter & Gamble (NYSE:PG – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.98 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. Shareholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 23rd. Procter & Gamble’s payout ratio is presently 65.71%.
Insiders Place Their Bets
In related news, CAO Matthew W. Janzaruk sold 359 shares of Procter & Gamble stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the sale, the chief accounting officer owned 1,271 shares of the company’s stock, valued at $184,600.04. The trade was a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul Gama sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $145.34, for a total value of $323,381.50. Following the completion of the sale, the chief executive officer owned 51,124 shares in the company, valued at approximately $7,430,362.16. This represents a 4.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 15,135 shares of company stock valued at $2,189,970. Insiders own 0.23% of the company’s stock.
Key Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: Procter & Gamble’s dividend remains a key support for the stock. The company recently recorded its 70th consecutive annual dividend increase, reinforcing its appeal to income-focused investors, particularly while interest rates remain elevated. The Ultimate Dividend Growth Stock to Buy With $100 Right Now
- Positive Sentiment: Royal Bank of Canada reaffirmed its “outperform” rating and maintained a $166 price target, implying additional upside from the referenced trading level. Benzinga analyst-rating report
- Neutral Sentiment: Investors are comparing PG’s dependable profitability and cash flow from essential household products with higher-risk consumer brands such as Nike. This supports PG’s defensive profile but does not provide a new earnings catalyst. Nike vs. Procter & Gamble
- Negative Sentiment: Procter & Gamble expects only 1% to 3% organic sales growth, raising concerns that the company’s large brands may be struggling to generate stronger underlying demand. Procter & Gamble Expects 1% to 3% Organic Growth
- Negative Sentiment: The earnings preview identifies a central risk: recovering product volumes could be offset by pricing headwinds, potentially limiting revenue growth and margins. Procter & Gamble Earnings Preview
- Negative Sentiment: Options-market activity indicates traders are positioned for PG shares to decline following the earnings release, reflecting elevated near-term uncertainty. Barchart Earnings Analysis
Analysts Set New Price Targets
Several research analysts recently issued reports on PG shares. Bank of America reduced their target price on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. Evercore raised Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target for the company in a report on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, September 21st. Barclays boosted their price target on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Finally, TD Cowen reaffirmed a “hold” rating and issued a $150.00 price objective on shares of Procter & Gamble in a research report on Wednesday, September 30th. Fourteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.20.
View Our Latest Analysis on PG
About Procter & Gamble
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.
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