Assenagon Asset Management S.A. Has $533.64 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• Assenagon Asset Management S.A. has increased its stake in Procter & Gamble by 25.8%, now holding 3,349,495 shares valued at approximately $533.6 million.
• In its latest earnings report, Procter & Gamble exceeded expectations with $1.48 earnings per share on revenue of $20.89 billion, marking a 1.7% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $1.0568 per share, translating to an annualized dividend yield of 2.7%.

Assenagon Asset Management S.A. boosted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 25.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,349,495 shares of the company's stock after buying an additional 686,249 shares during the period. Procter & Gamble accounts for 0.8% of Assenagon Asset Management S.A.'s investment portfolio, making the stock its 21st largest position. Assenagon Asset Management S.A. owned 0.14% of Procter & Gamble worth $533,642,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Brighton Jones LLC lifted its stake in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Procter & Gamble by 493.6% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after acquiring an additional 284,174 shares in the last quarter. Two Sigma Investments LP lifted its stake in Procter & Gamble by 2.4% during the 4th quarter. Two Sigma Investments LP now owns 18,133 shares of the company's stock worth $3,040,000 after acquiring an additional 433 shares in the last quarter. Retirement Planning Group LLC increased its holdings in Procter & Gamble by 1.4% during the 4th quarter. Retirement Planning Group LLC now owns 4,704 shares of the company's stock worth $789,000 after purchasing an additional 64 shares during the period. Finally, Vise Technologies Inc. increased its holdings in Procter & Gamble by 84.5% during the 4th quarter. Vise Technologies Inc. now owns 28,636 shares of the company's stock worth $4,801,000 after purchasing an additional 13,117 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.9%

Shares of PG traded down $1.41 during midday trading on Tuesday, reaching $151.66. 2,846,379 shares of the company were exchanged, compared to its average volume of 7,964,614. 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 Company has a 1-year low of $149.91 and a 1-year high of $180.43. The stock has a 50-day moving average price of $156.15 and a 200-day moving average price of $161.03. The company has a market cap of $354.95 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 4.12 and a beta of 0.36.

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. The company had revenue of $20.89 billion for 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%.Procter & Gamble's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is 64.98%.

Insider Activity at Procter & Gamble

In other news, 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 transaction of $1,830,308.26. Following the completion of the transaction, the chief financial officer directly owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the company'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 value of $1,612,283.04. Following the completion of the sale, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target 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. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and a consensus price target of $173.94.

Procter & Gamble 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.