Ieq Capital LLC Trims Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Ieq Capital LLC reduced its shareholding in Procter & Gamble by 3.8%, selling 5,616 shares during the first quarter, leaving it with a total of 142,116 shares valued at approximately $24.22 million.
• Analysts have set a new average price target of $175.94 for Procter & Gamble, with ratings ranging from "Strong Buy" to "Hold", indicating mixed investor sentiment.
• Procter & Gamble declared a quarterly dividend of $1.0568 per share, yielding 2.7%, with a payout ratio of 64.82%, reflecting the company’s commitment to returning value to shareholders.

Ieq Capital LLC cut its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,116 shares of the company's stock after selling 5,616 shares during the quarter. Ieq Capital LLC's holdings in Procter & Gamble were worth $24,219,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PG. Navigoe LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at about $31,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the fourth quarter worth about $34,000. Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. increased its position 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 acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Price Performance

Shares of NYSE PG traded up $1.48 during midday trading on Friday, hitting $157.13. The company had a trading volume of 5,317,408 shares, compared to its average volume of 6,701,783. The firm has a market capitalization of $368.07 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 4.11 and a beta of 0.37. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The business has a 50-day simple moving average of $156.55 and a two-hundred day simple moving average of $162.55. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PG shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. 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. BNP Paribas restated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares of the company's stock, valued at $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the sale, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last 90 days. Insiders own 0.18% of the company's stock.

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.