Procter & Gamble Company (The) $PG Shares Acquired by Ascent Group LLC

Key Points

• Ascent Group LLC increased its holdings in Procter & Gamble by 6.2% in Q1, acquiring an additional 4,127 shares, bringing its total to 71,069 shares valued at approximately $12.11 million.
• Procter & Gamble reported $1.48 EPS for the last quarter, beating analyst expectations of $1.42, and announced an annualized dividend of $4.23 with a dividend yield of 2.6%.
• The company has been the subject of various analyst ratings, with an average target price of $175.12 and a majority classifying it as a Moderate Buy.

Ascent Group LLC raised its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,069 shares of the company's stock after acquiring an additional 4,127 shares during the quarter. Ascent Group LLC's holdings in Procter & Gamble were worth $12,112,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter valued at $31,000. Quarry LP purchased a new position in shares of Procter & Gamble during the first quarter worth $33,000. 10Elms LLP acquired a new position in Procter & Gamble during the 4th quarter worth about $34,000. Mizuho Securities Co. Ltd. lifted its stake in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after acquiring an additional 170 shares in the last quarter. Finally, Sunbeam Capital Management LLC acquired a new position in Procter & Gamble during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.6%

Shares of NYSE PG opened at $160.08 on Monday. The stock has a market cap of $374.65 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 4.22 and a beta of 0.36. 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 business has a 50-day moving average price of $156.41 and a 200 day moving average price of $162.21.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (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 firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the firm earned $1.40 EPS. The business's revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

Analyst Upgrades and Downgrades

PG has been the subject of several analyst reports. Evercore ISI reissued an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. BNP Paribas reissued an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $175.12.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Gary A. Coombe sold 10,194 shares of the 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 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. This represents a 22.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Andre Schulten sold 11,638 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares of the company's stock, valued at $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by company 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.

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