Assetmark Inc. Raises Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Assetmark Inc. edged up its stake in Procter & Gamble by 0.6% in Q4, owning 1,372,404 shares (about 0.06% of the company) valued at roughly $196.7 million.
• Insider selling has been notable recently—Chairman Jon R. Moeller sold 162,232 shares and insiders sold 348,618 shares totaling about $55.46 million last quarter, leaving insiders with roughly 0.20% ownership.
• Near-term headwinds include a Texas PFAS probe naming P&G and analyst pressure (Bank of America cut its price target to $167), with the stock trading down about 1% amid a mixed analyst consensus (Moderate Buy, target $163.89).

Assetmark Inc. increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,372,404 shares of the company's stock after buying an additional 8,412 shares during the period. Assetmark Inc. owned about 0.06% of Procter & Gamble worth $196,679,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Czech National Bank lifted its holdings in shares of Procter & Gamble by 3.8% during the third quarter. Czech National Bank now owns 594,914 shares of the company's stock worth $91,409,000 after purchasing an additional 21,825 shares during the period. Triodos Investment Management BV lifted its holdings in shares of Procter & Gamble by 7.3% during the third quarter. Triodos Investment Management BV now owns 255,095 shares of the company's stock worth $39,195,000 after purchasing an additional 17,400 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 0.6% during the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company's stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the period. Strengthening Families & Communities LLC lifted its holdings in shares of Procter & Gamble by 820.6% during the third quarter. Strengthening Families & Communities LLC now owns 14,803 shares of the company's stock worth $2,308,000 after purchasing an additional 13,195 shares during the period. Finally, Heritage Wealth Management Inc. lifted its holdings in shares of Procter & Gamble by 32.7% during the third quarter. Heritage Wealth Management Inc. now owns 150,814 shares of the company's stock worth $23,173,000 after purchasing an additional 37,198 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble News Roundup

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Investor rotation into reliable, dividend-bearing consumer names could support PG as investors move away from more volatile AI/tech bets. The "Great Rotation" Out of Artificial Intelligence (AI) Stocks Has Arrived. Here's What Smart Money Is Buying Instead.
• Neutral Sentiment: Management shakeups and weakness at peer Conagra may influence sentiment across packaged-foods stocks but are not specific to PG’s fundamentals; Conagra named John Brase as CEO (effective June 1) and its shares fell on the news. Conagra Brands appoints former JM Smucker exec John Brase as CEO Conagra stock falls after the company names new CEO Conagra Hires John Brase to Replace Sean Connolly as President, CEO Slim Jim Maker Conagra Replacing CEO After 60% Stock Slide
• Negative Sentiment: Reporting notes Texas consumer-product probes now include Procter & Gamble, raising short-term regulatory and reputational risk headlines that can pressure the stock. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Bank of America cut its price target on PG to $167, a visible analyst move that often prompts selling and weighs on intraday sentiment. Bank of America Cuts Procter & Gamble NYSE: PG Price Target to $167.00
• Negative Sentiment: MarketWatch highlighted PG underperforming peers on Monday, reinforcing the narrative of near-term relative weakness in the stock. Procter & Gamble Co. stock underperforms Monday when compared to competitors
• Negative Sentiment: Smaller analyst actions are already showing market impact: coverage noted PG trading down after a recent analyst downgrade. Procter & Gamble NYSE: PG Trading Down 1% Following Analyst Downgrade

Procter & Gamble Trading Down 1.0%

Shares of PG stock opened at $143.66 on Tuesday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $171.65. The stock has a market cap of $333.87 billion, a P/E ratio of 21.28, a P/E/G ratio of 5.11 and a beta of 0.41. The business has a fifty day simple moving average of $152.85 and a 200-day simple moving average of $149.15. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.02. The business had revenue of $22.21 billion during the quarter, compared to analysts' expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $1.88 earnings per share. On average, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In related news, Chairman Jon R. Moeller sold 162,232 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total transaction of $26,354,588.40. Following the sale, the chairman owned 319,385 shares of the company's stock, valued at $51,884,093.25. This trade represents a 33.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Street Whaley sold 1,809 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $159.46, for a total value of $288,463.14. Following the sale, the insider directly owned 30,215 shares in the company, valued at approximately $4,818,083.90. The trade was a 5.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Piper Sandler decreased their price target on Procter & Gamble from $150.00 to $142.00 and set a "neutral" rating for the company in a report on Wednesday, April 8th. Jefferies Financial Group raised Procter & Gamble from a "hold" rating to a "buy" rating and increased their price target for the stock from $156.00 to $179.00 in a report on Tuesday, December 16th. Barclays set a $155.00 price target on Procter & Gamble in a report on Friday, January 16th. Bank of America decreased their price target on Procter & Gamble from $171.00 to $167.00 and set a "buy" rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. raised Procter & Gamble from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus target price of $163.89.

About Procter & Gamble

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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