Procter & Gamble Company (The) $PG Stock: Carnegie Lake Advisors LLC Lowers Holdings

Key Points

• Carnegie Lake Advisors cut its Procter & Gamble stake by 85.9% in the third quarter, selling 9,754 shares and ending the period with 1,595 shares valued at about $232,000.
• P&G reported quarterly EPS of $2.00, beating the $1.89 consensus, while revenue of $23.28 billion exceeded expectations and rose 4% year over year.
• The company’s $1.0885 quarterly dividend represents an annualized yield of about 2.6%; meanwhile, CEO Paul Gama and CFO Andre Schulten disclosed stock sales, including Schulten’s sale of 33,624 shares.

Carnegie Lake Advisors LLC lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 85.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,595 shares of the company's stock after selling 9,754 shares during the period. Carnegie Lake Advisors LLC's holdings in Procter & Gamble were worth $232,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ellis Investment Partners LLC raised its position in shares of Procter & Gamble by 0.7% in the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company's stock valued at $1,281,000 after purchasing an additional 64 shares during the period. Clark Wealth Partners lifted its stake in shares of Procter & Gamble by 20.6% during the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company's stock worth $56,000 after buying an additional 66 shares during the last quarter. Kuhn & Co Investment Counsel lifted its stake in shares of Procter & Gamble by 1.0% during the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company's stock worth $952,000 after buying an additional 66 shares during the last quarter. Whelan Financial boosted its holdings in shares of Procter & Gamble by 1.9% during the 3rd quarter. Whelan Financial now owns 3,689 shares of the company's stock worth $536,000 after buying an additional 68 shares during the period. Finally, Midwest Professional Planners LTD. boosted its holdings in shares of Procter & Gamble by 2.6% during the 2nd quarter. Midwest Professional Planners LTD. now owns 2,799 shares of the company's stock worth $410,000 after buying an additional 70 shares during the period. Institutional investors own 65.77% of the company's stock.

Key Stories Impacting Procter & Gamble

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

Insider Activity

In related news, CEO Paul Gama sold 2,894 shares of the company's stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $165.00, for a total value of $477,510.00. Following the sale, the chief executive officer directly owned 43,899 shares in the company, valued at $7,243,335. This represents a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andre Schulten sold 33,624 shares of the stock in a transaction on 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 approximately $10,826,970. This trade represents a 33.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 161,709 shares of company stock worth $26,244,058. Company insiders own 0.23% of the company's stock.

Analysts Set New Price Targets

PG has been the subject of several research reports. HSBC downgraded shares of Procter & Gamble from a "buy" rating to a "hold" rating and cut their price objective for the stock from $182.00 to $149.00 in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Procter & Gamble in a research report on Friday, October 23rd. BNP Paribas Exane increased their target price on Procter & Gamble from $177.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $161.00 target price on shares of Procter & Gamble in a research note on Thursday, October 22nd. Finally, Freedom Broker raised Procter & Gamble from a "hold" rating to a "buy" rating and set a $176.00 price target for the company in a report on Friday, October 23rd. Fifteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $170.57.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $165.31 on Monday. The firm has a 50 day moving average of $152.01 and a 200-day moving average of $149.43. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.52. 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 stock has a market capitalization of $383.15 billion, a PE ratio of 24.90, a PEG ratio of 4.07 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. The company had revenue of $23.28 billion during the quarter, compared to analysts' expectations of $22.80 billion. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. Procter & Gamble's revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.99 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.99 EPS 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 2.6%. Procter & Gamble's dividend payout ratio (DPR) is currently 65.51%.

Procter & Gamble Company Profile

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