LGT Fund Management Co Ltd. Has $11.01 Million Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• LGT Fund Management Co Ltd. reduced its stake in Procter & Gamble by 8.4%, now holding 69,108 shares worth approximately $11.01 million.
• Several institutional investors increased their positions in Procter & Gamble, with Brighton Jones LLC leading with a 51.5% increase.
• Procter & Gamble reported earnings of $1.48 per share, exceeding analyst expectations, and announced a quarterly dividend of $1.0568 per share, yielding 2.8%.

LGT Fund Management Co Ltd. lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,108 shares of the company's stock after selling 6,353 shares during the quarter. Procter & Gamble comprises about 1.0% of LGT Fund Management Co Ltd.'s investment portfolio, making the stock its 22nd largest position. LGT Fund Management Co Ltd.'s holdings in Procter & Gamble were worth $11,010,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PG. Brighton Jones LLC increased its holdings in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. increased its holdings in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock worth $493,000 after acquiring an additional 277 shares in the last quarter. Intellectus Partners LLC boosted its position in shares of Procter & Gamble by 12.2% during the first quarter. Intellectus Partners LLC now owns 4,746 shares of the company's stock worth $809,000 after buying an additional 516 shares during the period. McNamara Financial Services Inc. boosted its position in shares of Procter & Gamble by 37.9% during the first quarter. McNamara Financial Services Inc. now owns 3,045 shares of the company's stock worth $519,000 after buying an additional 837 shares during the period. Finally, Sovereign Financial Group Inc. boosted its position in shares of Procter & Gamble by 20.7% during the first quarter. Sovereign Financial Group Inc. now owns 5,758 shares of the company's stock worth $981,000 after buying an additional 987 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Berenberg Bank upped their price objective on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a report on Wednesday, September 17th. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. Finally, BNP Paribas Exane lowered their price objective on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $173.11.

Insider Activity

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company's stock, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Schulten sold 11,638 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at $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. In the last three months, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Trading Up 0.1%

Shares of PG stock opened at $152.19 on Friday. The firm has a market capitalization of $356.20 billion, a P/E ratio of 23.38, a P/E/G ratio of 4.02 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. 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 stock's fifty day simple moving average is $155.51 and its 200 day simple moving average is $160.00.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share 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 return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.8%. Procter & Gamble's payout ratio is presently 64.98%.

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.

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