Caisse DE Depot ET Placement DU Quebec Lowers Position in Procter & Gamble Company (The) $PG

Key Points

• Caisse DE Depot ET Placement DU Quebec has decreased its holdings in Procter & Gamble by 7.8%, now owning approximately 2.6 million shares, which represents 0.9% of its investment portfolio.
• Analysts have issued mixed ratings on Procter & Gamble, with the consensus rating being "Moderate Buy" and a target price of $175.94.
• Procter & Gamble reported earnings of $1.48 EPS for the latest quarter, beating estimates, and announced a quarterly dividend of $1.0568 with a yield of 2.7%.

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,611,294 shares of the company's stock after selling 221,295 shares during the quarter. Procter & Gamble accounts for 0.9% of Caisse DE Depot ET Placement DU Quebec's investment portfolio, making the stock its 20th largest position. Caisse DE Depot ET Placement DU Quebec owned approximately 0.11% of Procter & Gamble worth $445,017,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cladis Investment Advisory LLC lifted its holdings in Procter & Gamble by 5.2% during the 4th quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock worth $806,000 after buying an additional 236 shares in the last quarter. FAS Wealth Partners Inc. lifted its holdings in Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after buying an additional 549 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock worth $62,098,000 after buying an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% during the 1st quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock worth $6,426,000 after buying an additional 4,562 shares in the last quarter. Finally, World Investment Advisors raised its holdings in shares of Procter & Gamble by 6.0% in the 1st quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PG shares. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Piper Sandler increased their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Stock Performance

Procter & Gamble stock traded up $0.99 during midday trading on Wednesday, hitting $156.96. 4,548,118 shares of the company's stock were exchanged, compared to its average volume of 7,181,753. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market cap of $367.67 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 4.12 and a beta of 0.37. The firm's 50 day simple moving average is $156.63 and its 200 day simple moving average is $162.72.

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

Procter & Gamble Announces Dividend

The firm 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. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company's stock, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,181 shares of company stock worth $18,761,172 in the last three months. Company insiders own 0.18% of the company's stock.

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.