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Procter & Gamble Company (The) $PG Shares Sold by Citizens Financial Group Inc. RI

Procter & Gamble logo with Consumer Staples background
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Key Points

  • Citizens Financial Group trimmed its stake in Procter & Gamble by 1.1% in Q4, selling 7,745 shares and now holding 713,376 shares valued at about $102.23 million (1.4% of its portfolio, the firm's 18th largest holding).
  • Procter & Gamble reported Q results with a slight EPS beat ($1.59 vs. $1.56 expected) and revenue of $21.24 billion (up 7.4% year-over-year but a touch below estimates), and set FY2026 guidance of EPS 6.83–7.09 (analyst consensus ~6.92).
  • The company raised its quarterly dividend to $1.0885 (annualized $4.35, ~3.0% yield), even as insiders sold about 252,715 shares (~$41 million) last quarter; analyst coverage is mixed-to-positive with a consensus rating of "Moderate Buy" and an average target of $161.06.
  • MarketBeat previews top five stocks to own in June.

Citizens Financial Group Inc. RI reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,376 shares of the company's stock after selling 7,745 shares during the quarter. Procter & Gamble comprises approximately 1.4% of Citizens Financial Group Inc. RI's portfolio, making the stock its 18th largest holding. Citizens Financial Group Inc. RI's holdings in Procter & Gamble were worth $102,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PG. Vanguard Group Inc. raised its stake in Procter & Gamble by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock worth $34,030,358,000 after acquiring an additional 2,829,151 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Procter & Gamble by 100.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company's stock worth $782,607,000 after acquiring an additional 2,741,924 shares in the last quarter. Amundi raised its stake in Procter & Gamble by 26.3% during the 3rd quarter. Amundi now owns 10,682,455 shares of the company's stock worth $1,606,748,000 after acquiring an additional 2,222,560 shares in the last quarter. Franklin Resources Inc. raised its stake in Procter & Gamble by 8.3% during the 3rd quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock worth $3,510,955,000 after acquiring an additional 1,752,481 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Procter & Gamble during the 3rd quarter worth $252,853,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PG shares. Raymond James Financial cut their price target on shares of Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 14th. Royal Bank Of Canada cut their price target on shares of Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating on the stock in a research note on Thursday, April 9th. TD Cowen lifted their price target on shares of Procter & Gamble from $142.00 to $150.00 and gave the stock a "hold" rating in a research note on Monday. UBS Group lifted their price objective on shares of Procter & Gamble from $166.00 to $172.00 and gave the company a "buy" rating in a research note on Monday. Finally, The Goldman Sachs Group reduced their target price on shares of Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating for the company in a report on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble has a consensus rating of "Moderate Buy" and a consensus target price of $161.06.

Check Out Our Latest Research Report on PG

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Procter & Gamble Stock Performance

NYSE PG opened at $147.27 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.99. The business's 50-day moving average price is $149.44 and its 200 day moving average price is $148.62. The firm has a market cap of $342.93 billion, a P/E ratio of 21.53, a P/E/G ratio of 6.27 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.03. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.The firm had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.52 billion. During the same quarter last year, the company posted $1.54 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts expect that Procter & Gamble Company will post 6.92 earnings per share for the current year.

Procter & Gamble Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, April 24th will be issued a $1.0885 dividend. The ex-dividend date of this dividend is Friday, April 24th. This is a positive change from Procter & Gamble's previous quarterly dividend of $1.06. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. Procter & Gamble's payout ratio is presently 63.60%.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of Procter & Gamble stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider owned 44,735 shares of the company's stock, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $162.33, for a total transaction of $5,858,976.69. Following the completion of the sale, the chief executive officer directly owned 34,994 shares in the company, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 252,715 shares of company stock valued at $40,966,904. Corporate insiders own 0.20% of the company's stock.

About Procter & Gamble

(Free Report)

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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