OMERS ADMINISTRATION Corp Sells 7,170 Shares of Procter & Gamble Company (The) $PG

Key Points

• OMERS ADMINISTRATION Corp reduced its stake in Procter & Gamble by 6.8%, owning 99,040 shares valued at approximately $16.88 million after selling 7,170 shares in the first quarter.
• Procter & Gamble reported $1.48 earnings per share for the quarter, surpassing analysts' expectations of $1.42, along with revenues of $20.89 billion, a growth of 1.7% year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, reflecting a 2.7% yield and a payout ratio of 64.98%.

OMERS ADMINISTRATION Corp reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,040 shares of the company's stock after selling 7,170 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Procter & Gamble were worth $16,878,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in Procter & Gamble by 0.8% during the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after acquiring an additional 248,792 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after acquiring an additional 2,466,308 shares during the period. Goldman Sachs Group Inc. boosted its position in Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after acquiring an additional 583,629 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Procter & Gamble by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after acquiring an additional 208,991 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Procter & Gamble by 7.0% during the 1st quarter. Ameriprise Financial Inc. now owns 16,325,813 shares of the company's stock worth $2,782,467,000 after acquiring an additional 1,062,103 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Piper Sandler upped their price objective on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, BNP Paribas reaffirmed an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction that occurred on 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 approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,181 shares of company stock valued at $18,918,012. Company insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $1.40 during midday trading on Tuesday, hitting $158.44. 2,773,712 shares of the company were exchanged, compared to its average volume of 8,026,072. The firm has a 50 day simple moving average of $156.47 and a 200-day simple moving average of $162.40. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43. The firm has a market cap of $371.11 billion, a P/E ratio of 24.37, a PEG ratio of 4.14 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

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

Procter & Gamble Dividend Announcement

The firm 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 was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's payout ratio is currently 64.98%.

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.