Procter & Gamble Company (The) $PG Stock Holdings Lifted by GDS Wealth Management

Key Points

• GDS Wealth Management significantly increased its stake in Procter & Gamble by 144.8%, purchasing an additional 34,640 shares in the 1st quarter, bringing its total holdings to 58,555 shares valued at approximately $9.98 million.
• Multiple institutional investors have also made substantial investments in Procter & Gamble, with Bank Pictet & Cie Europe AG increasing its holdings by an impressive 493.6% during the 4th quarter.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, translating to an annual yield of approximately 2.7% and a payout ratio of 64.98%.

GDS Wealth Management grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 144.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,555 shares of the company's stock after buying an additional 34,640 shares during the quarter. GDS Wealth Management's holdings in Procter & Gamble were worth $9,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Unique Wealth LLC lifted its position in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the last quarter. Stableford Capital II LLC lifted its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. lifted its position in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after purchasing an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC lifted its position in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after purchasing an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PG shares. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective on the stock. in a research report on Thursday, May 1st. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $175.94.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $0.2160 during trading hours on Friday, hitting $158.5140. 5,796,582 shares of the company traded hands, compared to its average volume of 7,597,930. The firm has a market cap of $371.30 billion, a P/E ratio of 24.35, a P/E/G ratio of 4.19 and a beta of 0.37. 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 firm's 50-day simple moving average is $156.79 and its two-hundred day simple moving average is $162.97. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's quarterly 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. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's payout ratio is currently 64.98%.

Insider Buying and Selling

In other news, CFO Andre Schulten sold 11,638 shares of Procter & Gamble 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 $8,279,007.34. The trade was a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble 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 $4,409,221.72. This represents a 31.74% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,181 shares of company stock worth $18,761,172. 0.18% of the stock is owned by insiders.

Procter & Gamble Company 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.