Bank Pictet & Cie Europe AG Boosts Position in Procter & Gamble Company (The) $PG

Key Points

• Bank Pictet & Cie Europe AG increased its stake in Procter & Gamble by 13.1%, now owning 452,436 shares valued at approximately $72.08 million.
• Insider sales included COO Shailesh Jejurikar and CEO Gary A. Coombe, who reduced their holdings by 31.74% and 22.57%, respectively, indicating potential concerns about the stock's performance.
• Procter & Gamble recently reported $1.48 EPS for the last quarter, exceeding expectations, with analysts setting a consensus price target of $173.78 for the stock.

Bank Pictet & Cie Europe AG lifted its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 13.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,436 shares of the company's stock after buying an additional 52,363 shares during the quarter. Procter & Gamble makes up approximately 1.5% of Bank Pictet & Cie Europe AG's portfolio, making the stock its 15th biggest holding. Bank Pictet & Cie Europe AG's holdings in Procter & Gamble were worth $72,082,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Banque Pictet & Cie SA raised its position in shares of Procter & Gamble by 2.2% in the second quarter. Banque Pictet & Cie SA now owns 627,267 shares of the company's stock worth $99,936,000 after buying an additional 13,306 shares in the last quarter. Register Financial Advisors LLC increased its stake in Procter & Gamble by 7.5% in the 2nd quarter. Register Financial Advisors LLC now owns 7,841 shares of the company's stock worth $1,249,000 after acquiring an additional 545 shares during the last quarter. Fortune Financial Advisors LLC raised its holdings in shares of Procter & Gamble by 6.6% in the 2nd quarter. Fortune Financial Advisors LLC now owns 3,370 shares of the company's stock valued at $537,000 after acquiring an additional 210 shares in the last quarter. Perigon Wealth Management LLC boosted its position in shares of Procter & Gamble by 1.1% during the 2nd quarter. Perigon Wealth Management LLC now owns 67,749 shares of the company's stock valued at $10,794,000 after acquiring an additional 717 shares during the last quarter. Finally, Motive Wealth Advisors grew its holdings in shares of Procter & Gamble by 11.8% during the second quarter. Motive Wealth Advisors now owns 2,014 shares of the company's stock worth $321,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In related news, COO Shailesh Jejurikar sold 13,039 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 value of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company's stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares of the company's stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PG has been the subject of several research analyst reports. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Wells Fargo & Company dropped their price target on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Berenberg Bank upped their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $173.78.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $152.18 on Friday. The firm has a fifty day simple moving average of $156.05 and a two-hundred day simple moving average of $160.74. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a market capitalization of $356.17 billion, a PE ratio of 23.38, a P/E/G ratio of 4.02 and a beta of 0.36.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is 64.98%.

About Procter & Gamble

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.

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