Procter & Gamble Company (The) $PG Stock: Talbot Financial LLC Cuts Holdings

Key Points

• Talbot Financial cut its Procter & Gamble stake by 12.9% in the third quarter, selling 13,403 shares and retaining 90,672 shares worth approximately $13.17 million. Institutional investors and hedge funds collectively own 65.77% of PG.
• Analysts maintain a favorable outlook, with 14 Buy ratings and 10 Holds producing a consensus “Moderate Buy” rating and an average price target of $162.20. Recent targets range from $150 to $166.
• PG shares recently traded at $157.94, while the company reported quarterly EPS of $1.43, exceeding estimates, and revenue of $21.20 billion. Procter & Gamble also declared a quarterly dividend of $1.0885 per share, implying a 2.8% annualized yield.

Talbot Financial LLC reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 12.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,672 shares of the company's stock after selling 13,403 shares during the quarter. Talbot Financial LLC's holdings in Procter & Gamble were worth $13,173,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cornell Pochily Investment Advisors Inc. grew its stake in Procter & Gamble by 1.0% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 32,712 shares of the company's stock valued at $4,752,000 after purchasing an additional 323 shares during the last quarter. Prairie Advisory LLC raised its stake in shares of Procter & Gamble by 100.1% in the third quarter. Prairie Advisory LLC now owns 3,084 shares of the company's stock worth $448,000 after purchasing an additional 1,543 shares during the last quarter. Investment Research & Advisory Group Inc. lifted its holdings in shares of Procter & Gamble by 1,089.1% during the third quarter. Investment Research & Advisory Group Inc. now owns 547 shares of the company's stock worth $79,000 after purchasing an additional 501 shares during the period. OceanIQ Capital LLC boosted its position in Procter & Gamble by 7.6% in the third quarter. OceanIQ Capital LLC now owns 5,157 shares of the company's stock valued at $789,000 after buying an additional 365 shares during the last quarter. Finally, Kaufman Rossin Wealth LLC purchased a new stake in Procter & Gamble in the third quarter valued at approximately $439,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PG shares. TD Cowen reiterated a "hold" rating and issued a $150.00 price target on shares of Procter & Gamble in a report on Wednesday, September 30th. Bank of America decreased their price objective on shares of Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a research note on Friday, July 10th. Royal Bank Of Canada dropped their price objective on shares of Procter & Gamble from $167.00 to $166.00 and set an "outperform" rating on the stock in a report on Tuesday, October 6th. Evercore upgraded shares of Procter & Gamble from an "in-line" rating to an "outperform" rating and set a $166.00 price objective on the stock in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. Fourteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

Procter & Gamble Stock Performance

Shares of PG traded down $1.41 during mid-day trading on Monday, reaching $157.94. The company had a trading volume of 3,913,429 shares, compared to its average volume of 9,669,525. The stock has a market capitalization of $366.84 billion, a P/E ratio of 23.86, a PEG ratio of 3.96 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. The stock has a 50 day moving average of $146.88 and a two-hundred day moving average of $146.53. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%. Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts expect that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

Insider Activity

In related news, CEO Paul Gama sold 2,225 shares of the stock in a transaction on Monday, October 5th. The shares were sold at an average price of $145.34, for a total transaction of $323,381.50. Following the sale, the chief executive officer directly owned 51,124 shares of the company's stock, valued at approximately $7,430,362.16. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andre Schulten sold 3,914 shares of the firm's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $145.34, for a total transaction of $568,860.76. Following the sale, the chief financial officer owned 65,618 shares in the company, valued at approximately $9,536,920.12. This represents a 5.63% 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. Over the last 90 days, insiders sold 15,135 shares of company stock worth $2,189,970. 0.23% of the stock is currently owned by corporate insiders.

About Procter & Gamble

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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