Procter & Gamble Q3 EPS Tops Estimates and Raises FY26 EPS Guidance to 6.83–7.10
Procter & Gamble reported Q3 revenue of $22.39 billion versus $22.23 billion expected and EPS of $1.99 versus $1.90 expected; set FY26 guidance at 6.83–7.10 EPS. Several analysts cut price targets: UBS lowered to $176, Barclays to $151 and JPMorgan to $157, leaving a consensus target of $171.38.
1. Major Institutional Stake Additions in Q3
Financial Consulate Inc. reported a new position in Procter & Gamble in the third quarter, acquiring 8,220 shares at a cost of approximately $1.26 million. Other notable moves included Brighton Jones LLC, which increased its holding by 51.5% to 40,068 shares (valued at $6.72 million) after adding 13,617 shares, and Taylor Financial Group Inc., which boosted its stake by 10.6% to 2,891 shares (now worth $493,000) with an additional 277 shares. Quarry LP established a new position valued at $33,000, Bosun Asset Management LLC grew its holding by 8.9% to 2,723 shares (worth $464,000), and Copperleaf Capital LLC purchased $213,000 of stock. Institutional investors now own 65.77% of Procter & Gamble’s shares.
2. Insider Sale and Analyst Rating Adjustments
Chief Accounting Officer Matthew W. Janzaruk sold 725 shares on October 30, representing a 42.6% reduction in his position, for total proceeds of $108,438. Analysts have updated their guidance recently: UBS Group trimmed its target from $180 to $176 with a Buy rating; Barclays lowered its target from $153 to $151 and set an Equal Weight rating; Berenberg Bank raised its target from $152 to $154 with a Hold rating; Weiss Ratings reaffirmed Hold (C); and JPMorgan Chase & Co. cut its objective from $165 to $157 with a Neutral rating. Of the 23 covering analysts, 13 recommend Buy and 10 recommend Hold, delivering a consensus rating of "Moderate Buy" and an average target of $171.38.
3. Latest Quarterly Results and Dividend Policy
For the quarter ended October 24, Procter & Gamble reported adjusted earnings per share of $1.99, exceeding consensus by $0.09, and revenue of $22.39 billion, up 3.0% year-over-year and beating expectations by $160 million. Net margin stood at 19.74% with return on equity of 32.63%. Management provided guidance of $6.83 to $7.10 in EPS for fiscal 2026, compared with the Street’s forecast of $6.91. The company declared a quarterly dividend of $1.0568 per share, paid November 17 to holders of record as of October 24, implying an annualized dividend of $4.23 and a yield of 2.9%, with a payout ratio of 61.6%.