Douglass Winthrop Advisors LLC Sells 5,510 Shares of Procter & Gamble Company (The) $PG

Key Points

• Douglass Winthrop Advisors LLC reduced its holdings in Procter & Gamble by 6.6%, selling 5,510 shares, leaving them with 77,626 shares valued at approximately $13.23 million.
• In the 4th quarter, other institutional investors, such as Brighton Jones LLC and Bank Pictet & Cie Europe AG, significantly increased their stakes in Procter & Gamble by over 51% and nearly 494%, respectively.
• Procter & Gamble recently announced a quarterly dividend of $1.0568, with a dividend yield of 2.7% and a payout ratio of approximately 65%.

Douglass Winthrop Advisors LLC trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,626 shares of the company's stock after selling 5,510 shares during the quarter. Douglass Winthrop Advisors LLC's holdings in Procter & Gamble were worth $13,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Procter & Gamble by 3.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,494 shares of the company's stock valued at $1,257,000 after purchasing an additional 248 shares in the last quarter. Topsail Wealth Management LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $2,219,000. Finally, Rothschild Capital Partners LLC bought a new stake in Procter & Gamble during the 4th quarter valued at about $514,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Andre Schulten sold 11,638 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,181 shares of company stock valued at $18,761,172 in the last 90 days. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PG has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup dropped their price target on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Raymond James Financial dropped their price target on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $158.5140 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The company has a market cap of $371.30 billion, a PE ratio of 24.35, a PEG ratio of 4.19 and a beta of 0.37. The firm's 50-day moving average price is $156.79 and its 200-day moving average price is $162.97. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts anticipate 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. Investors of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Procter & Gamble Profile

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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