Erste Asset Management GmbH Acquires 75,109 Shares of Procter & Gamble Company (The) $PG

Key Points

• Erste Asset Management GmbH increased its holdings in Procter & Gamble by 25.8%, bringing its total to 366,037 shares valued at approximately $62.38 million.
• Procter & Gamble reported earnings of $1.48 per share for the last quarter, exceeding analyst expectations of $1.42, with a revenue of $20.89 billion.
• Despite some analysts reducing their price targets, the consensus rating for Procter & Gamble remains a "Moderate Buy" with a price target of $175.94.

Erste Asset Management GmbH increased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 366,037 shares of the company's stock after acquiring an additional 75,109 shares during the period. Erste Asset Management GmbH's holdings in Procter & Gamble were worth $62,380,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Navigoe LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $31,000. 10Elms LLP acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Sunbeam Capital Management LLC acquired a new stake in Procter & Gamble in the 4th quarter valued at approximately $34,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded down $0.2160 during midday trading on Friday, hitting $158.5140. 5,796,582 shares of the company were exchanged, compared to its average volume of 7,597,930. 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 cap of $371.30 billion, a P/E ratio of 24.35, a PEG ratio of 4.19 and a beta of 0.37. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm has a 50 day simple moving average of $156.79 and a 200-day simple moving average of $162.97.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its 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. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Insider Buying and Selling at Procter & Gamble

In related news, 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 owned 28,036 shares in the company, valued at $4,409,221.72. This trade represents a 31.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,181 shares of company stock worth $18,761,172 over the last three months. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PG. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas reaffirmed an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Erste Group Bank lowered Procter & Gamble from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 30th. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Evercore ISI reissued an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

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.