Meiji Yasuda Asset Management Co Ltd. Sells 3,946 Shares of Procter & Gamble Company (The) $PG

Key Points

• Meiji Yasuda Asset Management Co Ltd. sold 3,946 shares of Procter & Gamble, reducing their stake by 2.1% to 184,489 shares, making it their 8th largest holding worth approximately $31.4 million.
• Procter & Gamble reported $1.48 earnings per share for the quarter, exceeding analysts' estimates, with revenue of $20.89 billion, reflecting a 1.7% increase from the previous year.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annualized dividend yield of 2.6% with a payout ratio of nearly 65%.

Meiji Yasuda Asset Management Co Ltd. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,489 shares of the company's stock after selling 3,946 shares during the quarter. Procter & Gamble accounts for approximately 1.3% of Meiji Yasuda Asset Management Co Ltd.'s investment portfolio, making the stock its 8th largest holding. Meiji Yasuda Asset Management Co Ltd.'s holdings in Procter & Gamble were worth $31,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter worth $31,000. Quarry LP purchased a new stake in Procter & Gamble in the first quarter valued at $33,000. 10Elms LLP acquired a new stake in Procter & Gamble during the 4th quarter worth about $34,000. Mizuho Securities Co. Ltd. raised its stake in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the last quarter. Finally, Sunbeam Capital Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.6%

Shares of NYSE PG opened at $160.08 on Monday. The firm has a market cap of $374.65 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 4.22 and a beta of 0.36. The company's 50-day simple moving average is $156.41 and its 200-day simple moving average is $162.21. 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 Company has a 52-week low of $149.91 and a 52-week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the company posted $1.40 EPS. Procter & Gamble's quarterly revenue 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 analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. Procter & Gamble's payout ratio is currently 64.98%.

Insider Activity

In related news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer directly owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction on Friday, August 29th. The stock was sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider directly owned 28,436 shares in the company, valued at approximately $4,459,902.24. This trade represents a 3.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock valued at $18,918,012 in the last three months. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on PG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $175.12.

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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