GQG Partners LLC Sells 67,315 Shares of Procter & Gamble Company (The) $PG

Key Points

• GQG Partners cut its Procter & Gamble stake by 69.8% in the second quarter, selling 67,315 shares and retaining 29,177 shares valued at approximately $4.28 million. Institutional investors collectively own 65.77% of PG.
• Procter & Gamble’s latest quarterly results beat expectations on earnings, reporting $1.43 EPS versus the $1.41 consensus, while revenue rose 1.5% year over year to $21.2 billion but fell short of estimates.
• PG pays a quarterly dividend of $1.0885, equivalent to a 3.0% yield and $4.35 annualized payout. Analysts maintain a “Moderate Buy” consensus with an average price target of $161.19, above the reported share price of $145.02.

GQG Partners LLC trimmed its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 69.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,177 shares of the company's stock after selling 67,315 shares during the period. GQG Partners LLC's holdings in Procter & Gamble were worth $4,278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $27,862,105,000. Norges Bank bought a new stake in Procter & Gamble in the fourth quarter valued at approximately $4,664,783,000. Bank of New York Mellon Corp bought a new position in Procter & Gamble during the 2nd quarter worth approximately $2,281,505,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Procter & Gamble during the 2nd quarter worth approximately $1,480,650,000. Finally, Cardano Risk Management B.V. lifted its position in shares of Procter & Gamble by 1,104.8% in the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company's stock worth $1,364,518,000 after purchasing an additional 8,731,126 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Procter & Gamble news, insider Susan Street Whaley sold 2,238 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $321,802.02. Following the transaction, the insider owned 26,989 shares in the company, valued at approximately $3,880,748.31. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marc S. Pritchard sold 4,030 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider directly owned 187,001 shares of the company's stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 6,627 shares of company stock worth $953,417 in the last three months. Company insiders own 0.20% of the company's stock.

Procter & Gamble Stock Down 0.3%

Procter & Gamble stock opened at $145.02 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. The firm's fifty day moving average is $147.41 and its 200 day moving average is $148.42. The company has a market capitalization of $337.09 billion, a PE ratio of 21.91, a PEG ratio of 4.48 and a beta of 0.39.

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

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on PG. Citigroup decreased their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Sanford C. Bernstein restated a "market perform" rating and issued a $149.00 target price on shares of Procter & Gamble in a report on Monday. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Barclays lifted their price objective on Procter & Gamble from $146.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Procter & Gamble in a research note on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $161.19.

About Procter & Gamble

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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