Southeast Asset Advisors LLC Raises Position in Procter & Gamble Company (The) $PG

Key Points

• Southeast Asset Advisors LLC raised its stake in Procter & Gamble Company by 77.5% in the first quarter, owning 9,221 shares valued at approximately $1.57 million.
• Several institutional investors have significantly increased their holdings, with Nuveen LLC acquiring a new position valued at $1.95 billion and GAMMA Investing LLC increasing their stake by 20,758.5%.
• The company's recent quarterly earnings surpassed estimates with $1.48 EPS on revenue of $20.89 billion, and it declared a quarterly dividend of $1.0568, yielding 2.7%.

Southeast Asset Advisors LLC grew its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 77.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,221 shares of the company's stock after buying an additional 4,027 shares during the quarter. Southeast Asset Advisors LLC's holdings in Procter & Gamble were worth $1,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Procter & Gamble by 0.8% during the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock valued at $5,051,930,000 after buying an additional 248,792 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings 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 last quarter. Goldman Sachs Group Inc. lifted its position in shares of Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock valued at $2,966,252,000 after purchasing an additional 583,629 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Procter & Gamble by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock worth $2,911,989,000 after purchasing an additional 208,991 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Procter & Gamble by 7.0% in the 1st quarter. Ameriprise Financial Inc. now owns 16,325,813 shares of the company's stock worth $2,782,467,000 after purchasing an additional 1,062,103 shares in the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PG shares. Wells Fargo & Company cut their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Piper Sandler lifted their target price on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a report on Thursday, May 1st. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Erste Group Bank downgraded shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.94.

Procter & Gamble Price Performance

Shares of PG stock traded up $0.99 during trading hours on Wednesday, reaching $156.96. The stock had a trading volume of 4,548,118 shares, compared to its average volume of 7,181,753. The stock's fifty day simple moving average is $156.65 and its 200 day simple moving average is $162.76. The firm has a market capitalization of $367.67 billion, a PE ratio of 24.11, a PEG ratio of 4.12 and a beta of 0.37. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43. 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 announced its quarterly 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. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS 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 paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is currently 64.98%.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 319 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 $50,169.13. Following the completion of the sale, the chief accounting officer owned 1,704 shares in the company, valued at approximately $267,988.08. This trade represents a 15.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 8,596 shares of the company'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 transaction of $1,351,892.92. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,181 shares of company stock worth $18,761,172. 0.18% of the stock is owned by 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.