23,281 Procter & Gamble Company (The) $PG Shares Sold by Bokf Na

Key Points

• Bokf Na reduced its Procter & Gamble stake by 9.2% in the third quarter, selling 23,281 shares and retaining 230,743 shares valued at approximately $33.5 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Procter & Gamble exceeded quarterly expectations, reporting $2.00 in EPS versus the $1.89 consensus and revenue of $23.28 billion versus $22.80 billion expected. Revenue rose 4% year over year, though higher commodity and transportation costs remain a potential margin risk.
• PG maintains a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 payout and a 2.7% yield. Analysts have a “Moderate Buy” consensus with an average price target of $170.57, while recent insider selling may weigh modestly on sentiment.

Bokf Na trimmed its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,743 shares of the company's stock after selling 23,281 shares during the period. Bokf Na's holdings in Procter & Gamble were worth $33,522,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Redmond Asset Management LLC lifted its position in Procter & Gamble by 1.5% during the 3rd quarter. Redmond Asset Management LLC now owns 16,961 shares of the company's stock worth $2,464,000 after acquiring an additional 254 shares during the period. DecisionPoint Financial LLC raised its position in Procter & Gamble by 105.0% during the 3rd quarter. DecisionPoint Financial LLC now owns 496 shares of the company's stock worth $71,000 after buying an additional 254 shares during the last quarter. LaFleur & Godfrey LLC lifted its stake in shares of Procter & Gamble by 1.2% in the 3rd quarter. LaFleur & Godfrey LLC now owns 50,995 shares of the company's stock worth $7,409,000 after acquiring an additional 620 shares during the period. North Dakota State Investment Board lifted its stake in shares of Procter & Gamble by 3.9% in the 3rd quarter. North Dakota State Investment Board now owns 71,424 shares of the company's stock worth $10,376,000 after acquiring an additional 2,678 shares during the period. Finally, North Star Investment Management Corp. boosted its holdings in shares of Procter & Gamble by 0.4% in the third quarter. North Star Investment Management Corp. now owns 39,753 shares of the company's stock valued at $5,775,000 after acquiring an additional 147 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Paul Gama sold 4,331 shares of the stock in a transaction on Friday, October 23rd. The stock was sold at an average price of $161.27, for a total value of $698,460.37. Following the transaction, the chief executive officer directly owned 46,793 shares of the company's stock, valued at approximately $7,546,307.11. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Susan Whaley sold 2,369 shares of Procter & Gamble stock in a transaction on Monday, October 5th. The shares were sold at an average price of $145.34, for a total value of $344,310.46. Following the completion of the transaction, the insider owned 30,730 shares in the company, valued at $4,466,298.20. The trade was a 7.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 58,647 shares of company stock valued at $9,268,508. 0.23% of the stock is currently owned by corporate insiders.

Key Procter & Gamble News

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

• Positive Sentiment: P&G’s latest quarter exceeded expectations, with earnings per share of $2.00 versus the $1.89 consensus and revenue of $23.28 billion versus $22.80 billion expected. Sales increased 4% year over year, while organic sales growth was supported primarily by higher product volumes rather than price increases. P&G Stock May Be Undervalued
• Positive Sentiment: Analysts and investment commentary remain broadly constructive. One analysis estimates PG may be about 23% undervalued, while Freedom Broker upgraded the stock from Hold to Buy. P&G’s leading household brands and dependable dividend continue to support its defensive-investment appeal. Freedom Broker Upgrade
• Positive Sentiment: The company’s quarterly dividend remains an important support for income-focused investors: the annualized payout is approximately $4.35 per share, representing a yield near 2.7% based on the cited stock data. P&G Dividend Analysis
• Neutral Sentiment: P&G has outperformed the broader market this year, but commentary questions how long that outperformance can continue. With shares trading well above their 50-day and 200-day moving averages, some investors may be taking profits. P&G Outperformance Analysis
• Negative Sentiment: Higher commodity, oil, packaging and transportation costs could pressure margins if P&G cannot offset them through pricing, productivity gains or favorable product mix. Investors are watching whether the company’s growth can continue while protecting profitability. P&G Commodity Costs
• Negative Sentiment: Recent insider selling, including a 4,181-share transaction valued at roughly $672,000, may add a modest sentiment overhang, although such sales do not necessarily indicate deteriorating business conditions. P&G Insider Sale

Procter & Gamble Stock Performance

Shares of PG opened at $158.38 on Thursday. The company has a 50-day simple moving average of $149.30 and a 200-day simple moving average of $148.76. 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 company has a market capitalization of $367.10 billion, a PE ratio of 23.85, a P/E/G ratio of 4.00 and a beta of 0.39. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.89 by $0.11. The business 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 company's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.99 EPS. Equities research analysts predict that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Investors 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 yield of 2.7%. Procter & Gamble's dividend payout ratio is 65.51%.

Analysts Set New Price Targets

PG has been the topic of a number of recent analyst reports. Freedom Broker upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price target on the stock in a research note on Friday, October 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Procter & Gamble in a research report on Monday, September 21st. Sanford C. Bernstein restated a "market perform" rating and issued a $149.00 price objective on shares of Procter & Gamble in a research report on Monday, August 24th. Evercore raised Procter & Gamble from an "in-line" rating to an "outperform" rating and set a $166.00 price objective on the stock in a report on Tuesday, October 6th. Finally, Morgan Stanley boosted their target price on Procter & Gamble from $166.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.57.

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.

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