Carmignac Gestion Sells 258,332 Shares of Procter & Gamble Company (The) $PG

Key Points

• Carmignac Gestion cut its Procter & Gamble stake by 74.6% in the first quarter, selling 258,332 shares and retaining 88,160 shares valued at approximately $12.7 million.
• Procter & Gamble reported quarterly EPS of $1.43, exceeding estimates of $1.41, while revenue rose 1.5% year over year to $21.2 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.0885, equivalent to an annualized $4.35 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.52.

Carmignac Gestion decreased its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 74.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,160 shares of the company's stock after selling 258,332 shares during the quarter. Carmignac Gestion's holdings in Procter & Gamble were worth $12,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. boosted its stake in Procter & Gamble by 1,000.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. Park Square Financial Group LLC raised its holdings in Procter & Gamble by 65.1% in the fourth quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock worth $26,000 after purchasing an additional 71 shares during the period. Evolution Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 1,315.4% in the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after buying an additional 171 shares during the period. Litman Gregory Wealth Management LLC bought a new stake in shares of Procter & Gamble in the 4th quarter valued at $26,000. Finally, Maseco LLP acquired a new stake in Procter & Gamble during the 4th quarter worth $28,000. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

PG opened at $144.62 on Monday. The business's 50-day moving average price is $147.71 and its two-hundred day moving average price is $148.96. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $167.25. The company has a market capitalization of $336.77 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 4.44 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.68 and a quick ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.25% and a net margin of 18.44%.Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be paid a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble's payout ratio is presently 65.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on PG shares. Bank of America lowered their price target on Procter & Gamble from $170.00 to $166.00 and set a "buy" rating for the company in a report on Friday, July 10th. TD Cowen boosted their price objective on Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, April 27th. Sanford C. Bernstein started coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a "market perform" rating and a $156.00 target price for the company. Raymond James Financial dropped their target price on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Tuesday, April 14th. Finally, Evercore set a $162.00 price target on shares of Procter & Gamble in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus target price of $161.52.

Procter & Gamble News Summary

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

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Procter & Gamble Company Profile

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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