Amundi Sells 773,508 Shares of Procter & Gamble Company (The) $PG

Key Points

• Amundi reduced its stake in Procter & Gamble by 8.7% during the first quarter, maintaining approximately 0.35% of the company's total shares valued at $1.4 billion.
• Insider selling has been significant, with CEO Gary A. Coombe and COO Shailesh Jejurikar both offloading shares, resulting in a notable 22.57% and 31.74% decrease in their respective holdings.
• Procter & Gamble announced a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.7% with a payout ratio of nearly 65%.

Amundi trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,120,792 shares of the company's stock after selling 773,508 shares during the quarter. Amundi owned approximately 0.35% of Procter & Gamble worth $1,399,943,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PG. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Quarry LP purchased a new position in shares of Procter & Gamble in the 1st quarter worth about $33,000. 10Elms LLP bought a new position in Procter & Gamble in the 4th quarter worth about $34,000. Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the 4th quarter valued at about $34,000. Finally, Mizuho Securities Co. Ltd. increased its stake in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the transaction, the chief executive officer directly owned 27,295 shares of the company's stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock valued at $18,918,012 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PG has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research 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 research report on Friday, August 15th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.12.

Procter & Gamble Price Performance

PG stock traded up $0.89 during trading on Friday, hitting $160.08. 6,435,480 shares of the company's stock traded hands, compared to its average volume of 6,113,774. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The stock has a market capitalization of $374.65 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 4.20 and a beta of 0.36. The business has a fifty day simple moving average of $156.41 and a 200 day simple moving average of $162.28. 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 posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business's quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.