J. Safra Sarasin Holding AG Buys 3,726 Shares of Procter & Gamble Company (The) (NYSE:PG)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Procter & Gamble by 0.9%, acquiring an additional 3,726 shares, bringing its total holdings to 423,011 shares valued at $72.03 million.
• Brokerage analysts have varying outlooks on Procter & Gamble, with an average rating of "Moderate Buy" and a target price of $175.88, indicating a cautious but optimistic view on the stock's performance.
• Procter & Gamble recently announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.8%, with the ex-dividend date set for July 18th.

J. Safra Sarasin Holding AG raised its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 423,011 shares of the company's stock after purchasing an additional 3,726 shares during the period. Procter & Gamble accounts for approximately 1.3% of J. Safra Sarasin Holding AG's holdings, making the stock its 22nd biggest position. J. Safra Sarasin Holding AG's holdings in Procter & Gamble were worth $72,026,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PG. Northern Trust Corp lifted its holdings in shares of Procter & Gamble by 10.1% in the 4th quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after acquiring an additional 2,703,757 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after acquiring an additional 2,224,912 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Procter & Gamble by 13.6% in the 4th quarter. Invesco Ltd. now owns 11,265,453 shares of the company's stock valued at $1,888,653,000 after acquiring an additional 1,345,501 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Procter & Gamble by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,712,499 shares of the company's stock valued at $1,628,252,000 after acquiring an additional 267,534 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PG. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Piper Sandler raised their price objective on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday. Finally, Citigroup decreased their price objective on shares of Procter & Gamble from $200.00 to $181.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.88.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the completion of the sale, the insider directly owned 25,182 shares in the company, valued at $3,995,627.94. This trade represents a 29.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $150.65 on Friday. The firm has a market cap of $353.20 billion, a PE ratio of 23.14, a price-to-earnings-growth ratio of 3.96 and a beta of 0.37. The firm's 50 day simple moving average is $159.83 and its 200-day simple moving average is $163.99. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.50 and a current ratio of 0.70.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.56%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 67.14%.

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.

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