Brighton Jones LLC Acquires 17,020 Shares of Procter & Gamble Company (The) $PG

Brighton Jones LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 31.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,345 shares of the company’s stock after purchasing an additional 17,020 shares during the period. Brighton Jones LLC’s holdings in Procter & Gamble were worth $10,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American State Bank Iowa grew its stake in shares of Procter & Gamble by 4.9% during the third quarter. American State Bank Iowa now owns 13,197 shares of the company’s stock valued at $1,917,000 after purchasing an additional 618 shares during the last quarter. Cullinan Associates Inc. increased its holdings in shares of Procter & Gamble by 1.1% in the third quarter. Cullinan Associates Inc. now owns 224,739 shares of the company’s stock valued at $32,650,000 after purchasing an additional 2,548 shares in the last quarter. Cooper Haims Advisors LLC increased its holdings in shares of Procter & Gamble by 3.2% in the third quarter. Cooper Haims Advisors LLC now owns 3,299 shares of the company’s stock valued at $479,000 after purchasing an additional 101 shares in the last quarter. J. Derek Lewis & Associates Inc. bought a new position in Procter & Gamble in the 3rd quarter worth approximately $293,000. Finally, Henderson Brothers Financial Partners LLC raised its position in Procter & Gamble by 6.0% in the 3rd quarter. Henderson Brothers Financial Partners LLC now owns 2,160 shares of the company’s stock worth $314,000 after purchasing an additional 123 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PG shares. DZ Bank downgraded Procter & Gamble from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Citigroup lifted their target price on Procter & Gamble from $180.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. 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 note on Friday, October 23rd. Barclays raised their price target on Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Finally, Argus lowered Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has a consensus rating of “Moderate Buy” and a consensus price target of $170.57.

Insider Buying and Selling

In other news, CFO Andre Schulten sold 33,624 shares of the firm’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 sale, the chief financial officer owned 65,618 shares of the company’s stock, valued at $10,826,970. This trade represents a 33.88% 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, insider Victor Aguilar sold 18,812 shares of the firm’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $164.43, for a total value of $3,093,257.16. Following the sale, the insider directly owned 55,243 shares in the company, valued at approximately $9,083,606.49. This represents a 25.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 161,709 shares of company stock valued at $26,244,058. 0.23% of the stock is owned by company insiders.

Procter & Gamble Price Performance

Shares of PG stock opened at $165.31 on Friday. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $170.52. The firm has a market capitalization of $383.15 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36. 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 firm has a fifty day moving average of $152.01 and a 200-day moving average of $149.43.

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

Procter & Gamble Announces Dividend

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

Key Procter & Gamble News

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

Procter & Gamble Company Profile