Gotham Asset Management LLC Grows Position in Procter & Gamble Company (The) $PG

Key Points

• Gotham Asset Management LLC increased its holdings in Procter & Gamble by 52.1% in Q1, owning 62,927 shares valued at approximately $10.72 million at the quarter's end.
• Procter & Gamble's recent quarterly earnings exceeded expectations, reporting $1.48 EPS against a consensus estimate of $1.42, with revenue of $20.89 billion.
• Insider activity includes CEO Gary A. Coombe selling 10,194 shares for over $1.6 million, resulting in a 22.57% decrease in his ownership stake.

Gotham Asset Management LLC raised its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,927 shares of the company's stock after acquiring an additional 21,566 shares during the quarter. Gotham Asset Management LLC's holdings in Procter & Gamble were worth $10,724,000 as of its most recent filing with the Securities & Exchange Commission.

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

Procter & Gamble Stock Down 1.2%

PG stock traded down $1.97 on Wednesday, reaching $157.49. 6,204,302 shares of the company traded hands, compared to its average volume of 7,991,015. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market cap of $368.59 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 4.20 and a beta of 0.36. The firm has a fifty day simple moving average of $156.37 and a 200-day simple moving average of $162.12.

Procter & Gamble (NYSE:PG - Get Free Report) last posted 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. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the company earned $1.40 EPS. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share 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 issued a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the sale, the chief executive officer directly owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. restated a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and an average target price 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.