Flossbach Von Storch SE Sells 245,427 Shares of Procter & Gamble Company (The) $PG

Flossbach Von Storch SE lessened its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,023,783 shares of the company's stock after selling 245,427 shares during the period. Procter & Gamble makes up 1.3% of Flossbach Von Storch SE's portfolio, making the stock its 25th biggest position. Flossbach Von Storch SE owned about 0.09% of Procter & Gamble worth $296,768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PG. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Procter & Gamble by 1,000.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock worth $25,000 after buying an additional 150 shares in the last quarter. Park Square Financial Group LLC boosted its stake in Procter & Gamble by 65.1% in the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after buying an additional 71 shares in the last quarter. Evolution Wealth Management Inc. grew its position in Procter & Gamble by 1,315.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Procter & Gamble in the second quarter valued at $26,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in Procter & Gamble during the fourth quarter worth $26,000. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Up 0.1%

Shares of PG opened at $144.77 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The company has a market cap of $336.51 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 4.46 and a beta of 0.39. The stock has a fifty day moving average price of $147.73 and a two-hundred day moving average price of $148.66. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $21.38 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Analysts predict that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were given a $1.0885 dividend. This represents a $4.35 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PG shares. TD Cowen boosted their target price on shares of Procter & Gamble from $142.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, April 27th. Wells Fargo & Company increased their target price on shares of Procter & Gamble from $158.00 to $164.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Jefferies Financial Group lifted their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a report on Friday, June 26th. Argus lowered shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research note on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $161.52.

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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