Banque Pictet & Cie SA Buys 13,306 Shares of Procter & Gamble Company (The) $PG

Key Points

• Banque Pictet & Cie SA increased its holdings in Procter & Gamble by 2.2% during Q2, acquiring an additional 13,306 shares, bringing its total ownership to 627,267 shares valued at approximately $99.9 million.
• Procter & Gamble recently reported Q2 earnings of $1.48 per share, beating analysts' expectations, with revenues of $20.89 billion, reflecting a 1.7% increase year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, yielding 2.8%, with a dividend payout ratio currently at 64.98%.

Banque Pictet & Cie SA lifted its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 627,267 shares of the company's stock after acquiring an additional 13,306 shares during the quarter. Procter & Gamble makes up approximately 0.7% of Banque Pictet & Cie SA's holdings, making the stock its 17th largest holding. Banque Pictet & Cie SA's holdings in Procter & Gamble were worth $99,936,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PG. Unique Wealth LLC lifted its position in Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares during the period. Stableford Capital II LLC grew its position in Procter & Gamble by 1.1% in the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. lifted its position in Procter & Gamble by 20.2% during the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares in the last quarter. Finally, First Citizens Financial Corp grew its holdings in shares of Procter & Gamble by 1.8% in the 1st quarter. First Citizens Financial Corp now owns 3,664 shares of the company's stock valued at $624,000 after acquiring an additional 64 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of PG opened at $152.18 on Friday. The company's 50-day moving average is $156.05 and its 200-day moving average is $160.74. 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 $356.17 billion, a PE ratio of 23.38, a PEG ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

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

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares of the company's stock, valued at $6,624,689.76. This represents a 18.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction on Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider directly owned 28,436 shares of the company's stock, valued at $4,459,902.24. This represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the subject of several recent research reports. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. BNP Paribas reissued an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Finally, Evercore ISI restated an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $173.78.

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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