Bahl & Gaynor LLC Sells 1,018,656 Shares of Procter & Gamble Company (The) $PG

Key Points

• Bahl & Gaynor cut its Procter & Gamble stake by 31.4%, selling 1,018,656 shares in the third quarter; it still held 2,226,556 shares worth about $323.5 million at quarter-end.
• Company insiders also sold shares: insiders sold 197,756 shares worth roughly $32.3 million over the past 90 days, while insider ownership stands at 0.23%.
• P&G exceeded quarterly earnings and revenue estimates, with revenue up 4% year over year. Analysts rate the stock a “Moderate Buy,” with an average price target of $170.57; the company also declared a quarterly dividend of $1.0885 per share.

Bahl & Gaynor LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,226,556 shares of the company's stock after selling 1,018,656 shares during the quarter. Procter & Gamble accounts for approximately 1.5% of Bahl & Gaynor LLC's investment portfolio, making the stock its 16th largest holding. Bahl & Gaynor LLC owned approximately 0.10% of Procter & Gamble worth $323,474,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PG. BlackRock Inc. bought a new position in Procter & Gamble during the 2nd quarter worth about $27,862,105,000. Bank of America Corp DE bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $3,850,628,000. Bank of New York Mellon Corp bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Procter & Gamble in the 2nd quarter valued at about $1,480,650,000. Finally, Corient Private Wealth LP purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $335,908,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Procter & Gamble

In other news, CFO Andre Schulten sold 33,624 shares of the firm's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $165.00, for a total value of $5,547,960.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Aguilar sold 18,812 shares of the business's stock in a transaction on 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 transaction, the insider owned 55,243 shares in the company, valued at approximately $9,083,606.49. This trade represents a 25.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 197,756 shares of company stock valued at $32,336,001. Corporate insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated a "market perform" rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. TD Cowen boosted their price objective on shares of Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a research note on Friday, October 23rd. Freedom Broker upgraded Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 target price for the company in a report on Friday, October 23rd. UBS Group set a $166.00 target price on Procter & Gamble in a research report on Friday, October 23rd. Finally, Citigroup lifted their price target on Procter & Gamble from $180.00 to $187.00 and gave the company a "buy" rating in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $170.57.

Procter & Gamble Stock Up 0.1%

NYSE:PG opened at $168.43 on Wednesday. The company's 50-day simple moving average is $152.95 and its 200-day simple moving average is $149.64. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.72. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $170.52. The stock has a market capitalization of $390.38 billion, a P/E ratio of 24.39, a P/E/G ratio of 4.14 and a beta of 0.36.

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

Procter & Gamble Announces Dividend

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 issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble's payout ratio is currently 65.51%.

Procter & Gamble News Summary

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

• Positive Sentiment: PG’s Beauty business posted 5% organic sales growth in fiscal Q1 2027, supported by Pantene and SK-II, product innovation, and stronger brand execution. Sustaining that momentum could help support growth, though its impact on the broader business remains uncertain. Article: Is Procter & Gamble's Beauty Momentum Enough to Lift Growth?
• Neutral Sentiment: P&G named Shalini Saraswat Brand Director and Business Head for Pantene India, bringing prior P&G brand leadership and R&D experience. The appointment supports the company’s focus on hair care in India, but no expected financial effect was specified. Article: What Does Procter & Gamble Naming a New India Beauty Head Signal?
• Neutral Sentiment: In an advertising challenge brought by P&G, the National Advertising Division concluded that Unilever had substantiation for its challenged Dove body-wash moisturizing claims. This is a competitive setback for P&G, but no direct financial impact was reported. Article: National Advertising Division Found Unilever’s Dove Deep Moisture Body Wash Claims Supported
• Negative Sentiment: CEO Juliana Mont Santos sold 5,370 shares and CFO Andre Schulten sold 30,677 shares, both at $169 on Nov. 5. Each retained shares, but the sales and reductions in their respective holdings could weigh on investor sentiment. Article: Procter & Gamble CFO Andre Schulten Sells Shares CEO SEC filing

Procter & Gamble 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.

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