Edmond DE Rothschild Holding S.A. increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 491.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 215,642 shares of the company's stock after purchasing an additional 179,189 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in Procter & Gamble were worth $36,750,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in Procter & Gamble by 0.8% during the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after acquiring an additional 248,792 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after purchasing an additional 2,466,308 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Procter & Gamble by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after purchasing an additional 583,629 shares during the period. Royal Bank of Canada raised its position in shares of Procter & Gamble by 0.6% during the 1st quarter. Royal Bank of Canada now owns 17,273,679 shares of the company's stock worth $2,943,779,000 after purchasing an additional 111,162 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 1.2% in the 1st 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. Institutional investors own 65.77% of the company's stock.
Insider Buying and Selling
In other news, CEO Jennifer L. Davis sold 8,596 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,351,892.92. Following the completion of the sale, the chief executive officer owned 64,991 shares in the company, valued at $10,221,134.57. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were 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 owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on PG. Wells Fargo & Company lowered their price objective 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 objective on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. restated a "neutral" rating and set a $170.00 price objective (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 research note on Wednesday, July 30th. Finally, BNP Paribas restated an "outperform" rating and set a $177.00 price objective on shares of Procter & Gamble in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $175.12.
Check Out Our Latest Analysis on Procter & Gamble
Procter & Gamble Price Performance
Procter & Gamble stock traded up $0.89 during trading hours on Friday, hitting $160.08. 6,435,480 shares of the company traded hands, compared to its average volume of 6,113,774. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The firm has a market cap of $374.65 billion, a P/E ratio of 24.59, a P/E/G ratio of 4.22 and a beta of 0.36. The firm's 50-day simple moving average is $156.41 and its two-hundred day simple moving average is $162.25. 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 (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the firm posted $1.40 earnings per share. 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. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's payout ratio is currently 64.98%.
Procter & Gamble Profile
(
Free Report)
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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