Knuff & Co LLC Reduces Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Procter & Gamble Company (NYSE:PG) is the second largest holding of Knuff & Co LLC, which recently reduced its stake by 2.2% to 134,092 shares, representing approximately 7.7% of the firm's total holdings.
• The stock is currently rated as a "Moderate Buy" by analysts, with an average price target of $175.94, reflecting a recent downward adjustment in expectations by several equity research firms.
• Procter & Gamble reported an earnings per share (EPS) of $1.48 for the last quarter, surpassing estimates, and also announced a quarterly dividend of $1.0568 per share, resulting in an annualized yield of 2.7%.

Knuff & Co LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,092 shares of the company's stock after selling 3,078 shares during the quarter. Procter & Gamble comprises approximately 7.7% of Knuff & Co LLC's portfolio, making the stock its 2nd biggest position. Knuff & Co LLC's holdings in Procter & Gamble were worth $22,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after acquiring an additional 284,174 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Procter & Gamble by 134.4% during the fourth quarter. Marshall Wace LLP now owns 179,672 shares of the company's stock worth $30,122,000 after purchasing an additional 103,024 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Procter & Gamble during the fourth quarter worth approximately $67,000. Finally, Capital International Sarl increased its stake in Procter & Gamble by 34.7% in the fourth quarter. Capital International Sarl now owns 3,476 shares of the company's stock valued at $583,000 after purchasing an additional 896 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PG. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price for the company. in a report on Thursday, May 1st. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Piper Sandler raised their target price on Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a report on Monday, May 5th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Wells Fargo & Company dropped their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Stock Down 0.6%

Procter & Gamble stock traded down $1.0090 during midday trading on Thursday, reaching $158.5010. The stock had a trading volume of 3,053,236 shares, compared to its average volume of 8,135,825. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. The company has a market capitalization of $371.27 billion, a P/E ratio of 24.35, a PEG ratio of 4.18 and a beta of 0.37. The company has a fifty day moving average price of $156.91 and a two-hundred day moving average price of $163.11. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the previous year, the company posted $1.40 EPS. The firm's 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. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 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 $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares of the company's stock, valued at $4,409,221.72. This trade represents a 31.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,837 shares of company stock worth $14,285,935. 0.18% of the stock is currently owned by corporate 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.