Amundi raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 16.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,679,775 shares of the company's stock after acquiring an additional 1,519,268 shares during the period. Amundi owned approximately 0.46% of Procter & Gamble worth $1,566,082,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Baxter Bros Inc. purchased a new stake in shares of Procter & Gamble in the second quarter worth approximately $12,381,000. Empowered Funds LLC purchased a new position in Procter & Gamble during the 2nd quarter valued at $53,549,000. Cibc World Market Inc. grew its position in Procter & Gamble by 40.6% in the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company's stock valued at $73,351,000 after acquiring an additional 147,701 shares during the last quarter. World Investment Advisors increased its stake in Procter & Gamble by 15.9% in the fourth quarter. World Investment Advisors now owns 105,915 shares of the company's stock worth $15,179,000 after purchasing an additional 14,492 shares during the period. Finally, Resources Management Corp CT ADV lifted its position in shares of Procter & Gamble by 41.8% during the fourth quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company's stock worth $11,681,000 after purchasing an additional 24,010 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.
Wall Street Analyst Weigh In
PG has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Jefferies Financial Group lifted their price objective on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Barclays upped their target price on shares of Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating and set a $149.00 price target on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $161.19.
View Our Latest Stock Analysis on PG
Procter & Gamble Price Performance
Shares of PG opened at $146.29 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The company has a 50 day moving average price of $146.77 and a 200-day moving average price of $147.73. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market capitalization of $339.78 billion, a PE ratio of 22.10, a PEG ratio of 3.64 and a beta of 0.39.
Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's payout ratio is 65.71%.
Insiders Place Their Bets
In other Procter & Gamble news, insider Susan Whaley sold 2,238 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $321,802.02. Following the completion of the transaction, the insider directly owned 26,989 shares in the company, valued at approximately $3,880,748.31. The trade was a 7.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew Janzaruk sold 359 shares of the firm's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the completion of the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 6,627 shares of company stock worth $953,417. 0.23% of the stock is owned by corporate insiders.
About Procter & Gamble
(
Free Report)
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.
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