Procter & Gamble Company (The) $PG Shares Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in Procter & Gamble by 17.2% during the 1st quarter, owning over 1.2 million shares valued at approximately $204.73 million.
• CEO Gary A. Coombe recently sold over 10,000 shares for approximately $1.61 million, resulting in a 22.57% decrease in his ownership.
• Procter & Gamble's stock has a consensus rating of "Moderate Buy" with an average target price of $175.12, despite analysts adjusting some price targets downwards.

Acadian Asset Management LLC lifted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201,494 shares of the company's stock after buying an additional 176,752 shares during the quarter. Acadian Asset Management LLC owned 0.05% of Procter & Gamble worth $204,730,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Benjamin Edwards Inc. boosted its stake in shares of Procter & Gamble by 120.7% in the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after buying an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after buying an additional 4,562 shares in the last quarter. World Investment Advisors raised its holdings in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock worth $8,677,000 after purchasing an additional 2,886 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Procter & Gamble by 26.4% during the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock worth $20,451,000 after purchasing an additional 25,059 shares during the last quarter. Finally, Kelly Financial Services LLC raised its holdings in Procter & Gamble by 8.7% during the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock worth $294,000 after purchasing an additional 138 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company reduced their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Finally, Barclays set a $164.00 price objective on Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Procter & Gamble Trading Down 0.4%

Procter & Gamble stock traded down $0.61 during trading on Friday, hitting $158.02. The company's stock had a trading volume of 5,956,120 shares, compared to its average volume of 6,033,143. The stock has a market capitalization of $369.85 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36. The stock's fifty day moving average is $156.21 and its 200 day moving average is $161.90. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

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

Procter & Gamble Announces Dividend

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

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the sale, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Company 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.