AlTi Global Inc. Reduces Holdings in Procter & Gamble Company (The) $PG

Key Points

• AlTi Global Inc. reduced its stake in Procter & Gamble by 8%, holding 35,457 shares worth approximately $6.04 million after selling 3,087 shares in the first quarter.
• Procter & Gamble reported an earnings per share of $1.48 for the last quarter, exceeding estimates, with a revenue of $20.89 billion, reflecting a 1.7% increase year-over-year.
• The company announced a quarterly dividend of $1.0568 per share, giving it an annualized dividend yield of 2.7% and a payout ratio of approximately 65%.

AlTi Global Inc. lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,457 shares of the company's stock after selling 3,087 shares during the period. AlTi Global Inc.'s holdings in Procter & Gamble were worth $6,042,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Unique Wealth LLC boosted its holdings in shares of Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after purchasing an additional 61 shares during the period. Stableford Capital II LLC boosted its stake in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the period. Bernard Wealth Management Corp. increased its position in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after acquiring an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after acquiring an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after acquiring an additional 64 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Up 0.6%

PG stock traded up $0.89 during trading on Friday, hitting $160.08. 6,435,480 shares of the company's stock traded hands, compared to its average volume of 6,113,774. The firm has a market capitalization of $374.65 billion, a P/E ratio of 24.59, a PEG ratio of 4.20 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $156.41 and a two-hundred day simple moving average of $162.28.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 in the prior year, the business earned $1.40 earnings per share. Procter & Gamble'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. Sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

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 yield of 2.6%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is 64.82%.

Analyst Ratings Changes

PG has been the subject of a number of recent analyst reports. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Evercore ISI reissued an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Wells Fargo & Company dropped their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Finally, 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. One 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 stock. According to MarketBeat, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus price target of $175.12.

Insiders Place Their Bets

In related news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction 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 represents a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Shailesh Jejurikar sold 13,039 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 transaction of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares of the company's stock, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last three months. 0.18% of the stock is currently owned by insiders.

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.