Ninety One North America Inc. Sells 6,508 Shares of Procter & Gamble Company (The) $PG

Key Points

• Ninety One North America Inc. reduced its holdings in Procter & Gamble by 15.3%, selling 6,508 shares during the second quarter, leaving them with 35,899 shares valued at approximately $5.72 million.
• Procter & Gamble reported a 1.7% year-over-year revenue increase with $20.89 billion for the latest quarter and a net earnings per share of $1.48, surpassing analysts' expectations.
• The company's recent quarterly dividend was set at $1.0568, translating to an annualized dividend yield of 2.8%.

Ninety One North America Inc. decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,899 shares of the company's stock after selling 6,508 shares during the quarter. Ninety One North America Inc.'s holdings in Procter & Gamble were worth $5,719,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the first quarter valued at about $26,000. Signature Resources Capital Management LLC boosted its position in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after purchasing an additional 72 shares during the period. Quarry LP bought a new position in Procter & Gamble during the first quarter worth about $33,000. Mizuho Securities Co. Ltd. boosted its position in Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its position in Procter & Gamble by 50.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after purchasing an additional 82 shares during the period. Institutional investors own 65.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. BNP Paribas reiterated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Wells Fargo & Company lowered their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Finally, Barclays lowered their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $173.11.

Insider Activity

In other news, insider Susan Street Whaley sold 1,000 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total transaction of $156,840.00. Following the sale, the insider owned 28,436 shares in the company, valued at approximately $4,459,902.24. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jennifer L. Davis sold 8,596 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the sale, the chief executive officer owned 64,991 shares in the company, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Stock Down 0.4%

Shares of NYSE PG opened at $152.97 on Thursday. 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. The firm's fifty day moving average is $155.77 and its 200 day moving average is $160.29. The company has a market cap of $358.03 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 4.05 and a beta of 0.36.

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 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 the consensus estimate of $20.79 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

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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