Alliancebernstein L.P. Has $1.04 Billion Position in Procter & Gamble Company (The) $PG

Key Points

• Alliancebernstein L.P. reduced its stake in Procter & Gamble by 22.4% during the first quarter, holding approximately 6.1 million shares valued at over $1 billion.
• Several large investors increased their positions in Procter & Gamble, with Northern Trust Corp and Price T Rowe Associates raising their stakes by 0.8% and 13.0%, respectively, during the same quarter.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, reflecting an annualized dividend yield of 2.7% and a dividend payout ratio of nearly 65%.

Alliancebernstein L.P. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 22.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,089,905 shares of the company's stock after selling 1,756,137 shares during the quarter. Alliancebernstein L.P. owned about 0.26% of Procter & Gamble worth $1,037,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PG. Nuveen LLC bought a new position in Procter & Gamble in the first quarter valued at approximately $1,954,941,000. GAMMA Investing LLC lifted its stake in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after buying an additional 7,913,335 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 purchasing an additional 2,466,308 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Procter & Gamble by 15.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG traded up $0.89 on Friday, hitting $160.08. 6,435,480 shares of the stock were exchanged, compared to its average volume of 6,113,774. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The business has a 50-day moving average of $156.41 and a two-hundred day moving average of $162.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The firm has a market capitalization of $374.65 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 4.20 and a beta of 0.36.

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

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.6%. Procter & Gamble's dividend payout ratio is currently 64.82%.

Analyst Ratings Changes

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

Insider Activity

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of the business'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 $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the transaction, the insider directly owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. Corporate insiders own 0.18% of the company's stock.

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.