CIBC Bancorp USA Inc. bought a new position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 803,994 shares of the company’s stock, valued at approximately $123,534,000.
Several other institutional investors have also modified their holdings of the business. Czech National Bank raised its position in Procter & Gamble by 3.8% in the 3rd quarter. Czech National Bank now owns 594,914 shares of the company’s stock valued at $91,409,000 after purchasing an additional 21,825 shares in the last quarter. Westerkirk Capital Inc. acquired a new position in shares of Procter & Gamble during the second quarter worth about $4,796,000. Vega Investment Solutions grew its position in shares of Procter & Gamble by 1.3% during the second quarter. Vega Investment Solutions now owns 638,400 shares of the company’s stock worth $101,710,000 after buying an additional 8,500 shares in the last quarter. Triodos Investment Management BV increased its stake in shares of Procter & Gamble by 7.3% during the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company’s stock worth $39,195,000 after buying an additional 17,400 shares during the period. Finally, Jump Financial LLC acquired a new stake in Procter & Gamble in the second quarter valued at approximately $7,891,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Stock Performance
Shares of Procter & Gamble stock opened at $146.71 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $174.80. The firm’s 50 day moving average is $153.95 and its two-hundred day moving average is $150.86. The firm has a market capitalization of $340.96 billion, a P/E ratio of 21.74, a P/E/G ratio of 5.06 and a beta of 0.37.
Procter & Gamble Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is 62.67%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Erste Group Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. BNP Paribas Exane decreased their price objective on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. UBS Group boosted their target price on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their target price for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $168.33.
Check Out Our Latest Stock Analysis on Procter & Gamble
Procter & Gamble News Roundup
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: BEVEL brand expands into men’s body care with a targeted body cream aimed at Black men — broadens P&G’s addressable market in men’s personal care and supports brand extension/innovation strategy. Procter And Gamble Expands Bevel Into Men’s Body Care Segment
- Positive Sentiment: P&G Premium is testing a paid loyalty program in baby and home care — potential to boost retention, margins and first‑party consumer data if rollout scales. Procter & Gamble Premium Launches Test Loyalty In Baby And Home Care
- Positive Sentiment: Featured in retail/dividend roundups as a blue‑chip dividend name — reinforces PG’s appeal to income investors and may support longer‑term investor demand. The Best Dividend Stocks to Buy and Hold Forever
- Neutral Sentiment: Marketing trend coverage: P&G products are being integrated into short “microdramas” and mobile video content — an execution note on advertising strategy but not an immediate earnings driver. Body Scrub, Concealer and Shoe Trinkets Star in Brands’ ‘Microdramas’
- Neutral Sentiment: Sector/competitive news (Coty board refresh, Unilever strategic rumblings) can change competitive dynamics over time but are not direct catalysts for PG near term. Coty Revamps Board With Appointment of Five New Independent Directors
- Negative Sentiment: Market commentary and data reports flagged that PG’s share price declined in the most recent session — likely driving intraday selling and headline attention. Procter & Gamble (PG) Registers a Bigger Fall Than the Market Zacks: Procter & Gamble Registers a Bigger Fall Than the Market
Insider Buying and Selling
In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the sale, the insider directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. The trade was a 34.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider owned 12,639 shares in the company, valued at $2,026,158.09. This represents a 50.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 348,618 shares of company stock valued at $55,462,643 over the last ninety days. Company insiders own 0.20% of the company’s stock.
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
Featured Articles
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
Receive News & Ratings for Procter & Gamble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Procter & Gamble and related companies with MarketBeat.com's FREE daily email newsletter.
