Martingale Asset Management L P Sells 17,018 Shares of Procter & Gamble Company (The) $PG

Key Points

• Martingale Asset Management L P has reduced its stake in Procter & Gamble by 7.4%, selling 17,018 shares and now holds 213,808 shares, valued at approximately $36.4 million.
• Procter & Gamble reported an earnings per share of $1.48 for the most recent quarter, which surpassed the consensus estimate of $1.42, along with a revenue of $20.89 billion.
• The company declared a quarterly dividend of $1.0568, resulting in an annualized dividend of $4.23 and a dividend yield of 2.7%.

Martingale Asset Management L P lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 213,808 shares of the company's stock after selling 17,018 shares during the quarter. Procter & Gamble accounts for approximately 0.9% of Martingale Asset Management L P's investment portfolio, making the stock its 21st biggest holding. Martingale Asset Management L P's holdings in Procter & Gamble were worth $36,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cladis Investment Advisory LLC grew its position in Procter & Gamble by 5.2% during the fourth quarter. Cladis Investment Advisory LLC now owns 4,807 shares of the company's stock valued at $806,000 after buying an additional 236 shares during the period. FAS Wealth Partners Inc. increased its stake in shares of Procter & Gamble by 2.0% during the 4th quarter. FAS Wealth Partners Inc. now owns 27,690 shares of the company's stock worth $4,642,000 after purchasing an additional 549 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Procter & Gamble by 120.7% in the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock worth $62,098,000 after purchasing an additional 199,258 shares during the period. Capital Investment Advisory Services LLC lifted its stake in Procter & Gamble by 13.8% in the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after purchasing an additional 4,562 shares during the last quarter. Finally, World Investment Advisors grew its holdings in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Up 0.6%

Shares of NYSE PG opened at $159.4180 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average of $156.91 and a 200-day moving average of $163.11. The firm has a market capitalization of $373.42 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 4.18 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during 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 32.69%. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.82%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PG shares. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Truist Financial cut their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI restated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 shares of the firm's stock in a transaction dated 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 transaction, the chief operating officer directly owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the transaction, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,837 shares of company stock worth $14,285,935. 0.18% of the stock is currently owned by insiders.

About Procter & Gamble

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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