Chevy Chase Trust Holdings LLC Acquires 6,751 Shares of Procter & Gamble Company (The) $PG

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Procter & Gamble by 0.5%, owning a total of 1,284,604 shares, making the stock its 21st largest position.
• A total of 65.77% of Procter & Gamble's stock is owned by institutional investors and hedge funds, reflecting strong interest in the company.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 per share, with an upcoming payment date of November 17th and an annual yield of 2.8%.

Chevy Chase Trust Holdings LLC lifted its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284,604 shares of the company's stock after purchasing an additional 6,751 shares during the period. Procter & Gamble accounts for 0.6% of Chevy Chase Trust Holdings LLC's portfolio, making the stock its 21st largest position. Chevy Chase Trust Holdings LLC owned 0.05% of Procter & Gamble worth $204,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Arista Wealth Management LLC increased its holdings in shares of Procter & Gamble by 829.2% in the second quarter. Arista Wealth Management LLC now owns 10,965 shares of the company's stock valued at $1,747,000 after purchasing an additional 9,785 shares in the last quarter. Koa Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at approximately $769,000. Stratos Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 2.4% in the second quarter. Stratos Wealth Advisors LLC now owns 71,905 shares of the company's stock valued at $11,456,000 after purchasing an additional 1,690 shares in the last quarter. Stratos Investment Management LLC increased its holdings in shares of Procter & Gamble by 3.1% in the second quarter. Stratos Investment Management LLC now owns 43,100 shares of the company's stock valued at $6,867,000 after purchasing an additional 1,291 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its holdings in shares of Procter & Gamble by 2.2% in the second quarter. Smithbridge Asset Management Inc. DE now owns 31,152 shares of the company's stock valued at $4,963,000 after purchasing an additional 657 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas reissued an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. JPMorgan Chase & Co. decreased their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a report on Friday, October 10th. UBS Group decreased their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $172.21.

Insider Activity

In other news, CEO Jon R. Moeller sold 11,684 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $1,778,655.32. Following the transaction, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. The trade was a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Balaji Purushothaman sold 490 shares of the business's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $74,592.70. Following the transaction, the insider owned 12,616 shares in the company, valued at $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Trading Up 1.4%

PG opened at $149.50 on Friday. The stock has a market capitalization of $349.90 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.91 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $146.96 and a 12 month high of $180.43. The firm's fifty day simple moving average is $154.96 and its 200 day simple moving average is $158.97. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 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 firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The company'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. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's 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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