DoubleLine ETF Adviser LP Has $7.28 Million Holdings in Procter & Gamble Company (The) $PG

Key Points

• DoubleLine ETF Adviser LP has decreased its stake in Procter & Gamble by 23.8%, making it the firm's 5th largest position, worth approximately $7.28 million.
• Multiple analysts have set price targets for Procter & Gamble, with BNP Paribas presenting an "outperform" rating and a target price of $177.00.
• Procter & Gamble announced a quarterly dividend of $1.0568, reflecting an annualized yield of 2.7%.

DoubleLine ETF Adviser LP trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 23.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,729 shares of the company's stock after selling 13,377 shares during the quarter. Procter & Gamble accounts for approximately 2.4% of DoubleLine ETF Adviser LP's holdings, making the stock its 5th largest position. DoubleLine ETF Adviser LP's holdings in Procter & Gamble were worth $7,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Unique Wealth LLC lifted its holdings in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after buying an additional 61 shares during the period. Stableford Capital II LLC increased its stake in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after purchasing an additional 61 shares in the last quarter. Bernard Wealth Management Corp. increased its stake in shares of Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after purchasing an additional 63 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management increased its stake in shares of Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after purchasing an additional 63 shares in the last quarter. Finally, Kolinsky Wealth Management LLC increased its stake in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after purchasing an additional 64 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Price Performance

Shares of Procter & Gamble stock traded up $0.89 during trading on Friday, reaching $160.08. 6,435,480 shares of the stock traded hands, compared to its average volume of 6,113,774. The company has a market capitalization of $374.65 billion, a price-to-earnings ratio of 24.59, a P/E/G ratio of 4.22 and a beta of 0.36. The business has a fifty day simple moving average of $156.41 and a two-hundred day simple moving average of $162.25. 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 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 data 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. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last 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 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given 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 dividend yield of 2.6%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insider Activity

In other news, CFO Andre Schulten sold 11,638 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 $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction 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. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on PG. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Wells Fargo & Company cut their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. 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. Finally, BNP Paribas reiterated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $175.12.

Procter & Gamble Company 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.