1832 Asset Management L.P. Acquires 885,434 Shares of Procter & Gamble Company (The) $PG

Key Points

• 1832 Asset Management L.P. significantly increased its stake in Procter & Gamble, boosting ownership by 97.9% with a purchase of 885,434 shares, bringing its total to 1,790,206 shares valued at approximately $305 million.
• CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble for about $6.3 million, reducing his holdings by 11.16%, while CFO Andre Schulten also decreased his position by 18.11% after selling 11,638 shares.
• Procter & Gamble's stock has received mixed ratings from analysts, with a current average rating of "Moderate Buy" and an average target price of $175.94, while the stock currently trades around $158.70.

1832 Asset Management L.P. lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 97.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790,206 shares of the company's stock after purchasing an additional 885,434 shares during the quarter. 1832 Asset Management L.P. owned 0.08% of Procter & Gamble worth $305,087,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Nuveen LLC acquired a new position in Procter & Gamble during the first quarter worth $1,954,941,000. GAMMA Investing LLC increased its position in shares of Procter & Gamble by 20,758.5% during the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after purchasing an additional 7,913,335 shares in the last quarter. Northern Trust Corp lifted its holdings in Procter & Gamble by 10.1% during the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after purchasing an additional 2,703,757 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after buying an additional 2,466,308 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Insiders Place Their Bets

In other news, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the transaction, the chief executive officer owned 41,886 shares of the company's stock, valued at $6,624,689.76. This trade represents a 18.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the transaction, the chief executive officer owned 27,295 shares of the company's stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,181 shares of company stock valued at $18,761,172 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Procter & Gamble Trading Down 0.1%

NYSE PG traded down $0.2160 on Friday, reaching $158.5140. The company had a trading volume of 5,796,582 shares, compared to its average volume of 7,597,783. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The stock's 50 day moving average is $156.79 and its 200-day moving average is $162.89. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market cap of $371.30 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 4.19 and a beta of 0.37.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter in the previous year, the business posted $1.40 EPS. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Analyst Ratings Changes

PG has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Redburn Atlantic cut shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Redburn Partners set a $161.00 target price on Procter & Gamble in a research note on Thursday, May 1st. Finally, Piper Sandler upped their price target on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.