Procter & Gamble Company (The) $PG Shares Sold by Cidel Asset Management Inc.

Key Points

• Cidel Asset Management reduced its Procter & Gamble stake by 14% in the third quarter, selling 13,326 shares and retaining 81,786 shares valued at approximately $11.9 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Analyst sentiment remains generally positive, with PG carrying a consensus “Moderate Buy” rating and an average price target of $170.57. Recent targets ranged from $166 to $189, though some firms downgraded the stock to “Hold.”
• Procter & Gamble exceeded quarterly expectations, reporting $2.00 in adjusted earnings per share and $23.28 billion in revenue, up 4% year over year. The company also declared a quarterly dividend of $1.0885 per share, representing a 2.7% yield.

Cidel Asset Management Inc. lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 81,786 shares of the company's stock after selling 13,326 shares during the period. Cidel Asset Management Inc.'s holdings in Procter & Gamble were worth $11,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Procter & Gamble in the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC bought a new position in shares of Procter & Gamble in the second quarter worth about $28,000. Paladin Partners LLC acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $29,000. Toews Corp ADV acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $37,000. Finally, Evergreen Advisors LLC acquired a new position in shares of Procter & Gamble during the first quarter worth approximately $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. Piper Sandler raised their price target on shares of Procter & Gamble from $145.00 to $167.00 and gave the company a "neutral" rating in a report on Monday, October 26th. HSBC downgraded Procter & Gamble from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $182.00 to $149.00 in a report on Thursday, July 30th. Argus lowered Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. BNP Paribas Exane lifted their target price on Procter & Gamble from $177.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, October 23rd. Finally, TD Cowen boosted their target price on Procter & Gamble from $150.00 to $166.00 and gave the stock a "hold" rating in a research report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.57.

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 3,914 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $568,860.76. Following the transaction, the chief financial officer owned 65,618 shares of the company's stock, valued at $9,536,920.12. This represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul Gama sold 4,331 shares of the firm's 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 completion of the transaction, the chief executive officer owned 46,793 shares in the company, valued at $7,546,307.11. This represents a 8.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 58,647 shares of company stock worth $9,268,508. 0.23% of the stock is owned by company insiders.

Procter & Gamble News Roundup

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

• Positive Sentiment: Analyst upgrade: Freedom Broker upgraded PG from “hold” to “buy,” providing a positive signal for the stock and reflecting greater confidence in the company’s outlook. Freedom Broker upgrades Procter & Gamble to buy from hold
• Positive Sentiment: Dividend appeal remains strong: Articles highlighted PG as a long-standing dividend leader, supporting its appeal to income-focused and defensive investors. The company’s record of dividend increases may help underpin demand for the shares, particularly when investors favor stable consumer-staples businesses. Dividend Kings article Trusted dividend stocks article
• Neutral Sentiment: Bond issuance adds balance-sheet context: PG’s euro- and dollar-denominated bond sale provides liquidity and funding flexibility, but it also draws attention to leverage, interest costs, and the company’s relatively elevated valuation. Procter & Gamble bond sale
• Neutral Sentiment: Growth story under review: Commentary on PG points to accelerating revenue growth, while also noting that higher operating costs could pressure margins and earnings. Investors are weighing improved sales momentum against cost inflation. Procter & Gamble revenue growth and costs What changed in Procter & Gamble’s story
• Negative Sentiment: Mixed rating signals and valuation risk: DZ Bank downgraded PG from “strong-buy” to “hold.” With shares trading at a premium valuation, a more cautious analyst stance could weigh on upside unless earnings growth accelerates. DZ Bank rating change
• Negative Sentiment: Advertising challenge produced only a limited win: Following PG’s challenge, the National Advertising Division supported Carpe’s $19.95 reference price but recommended changes or removal of other savings, free-shipping, comparative-performance, and “first” 100-hour protection claims. The outcome may modestly strengthen competitive advertising standards, but it does not represent a material financial catalyst for PG. National Advertising Division decision involving Carpe

Procter & Gamble Stock Up 0.5%

Shares of NYSE PG opened at $161.42 on Friday. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The firm's 50-day moving average is $149.99 and its 200-day moving average is $148.94. The company has a current ratio of 0.72, a quick ratio of 0.53 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $374.14 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.97 and a beta of 0.39.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. Procter & Gamble had a net margin of 18.23% and a return on equity of 31.02%. The business had revenue of $23.28 billion during the quarter, compared to the consensus estimate of $22.80 billion. During the same period in the previous year, the firm posted $1.99 earnings per share. Procter & Gamble's revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that Procter & Gamble Company will post 6.99 EPS 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 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 dividend yield of 2.7%. Procter & Gamble's payout ratio is presently 65.51%.

Procter & Gamble Company 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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