Comerica Bank Has $133.04 Million Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Comerica Bank reduced its stake in Procter & Gamble by 2.8%, now holding 780,658 shares valued at approximately $133 million, positioning it as the bank's 25th largest holding.
• Insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble, decreasing his ownership by 5.12%, while COO Shailesh Jejurikar also sold 13,039 shares, resulting in a significant reduction of his holdings.
• Procter & Gamble reported a quarterly EPS of $1.48, exceeding estimates, and has declared a dividend of $1.0568 per share, reflecting an annualized yield of 2.7%.

Comerica Bank decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 780,658 shares of the company's stock after selling 22,632 shares during the period. Procter & Gamble makes up 0.6% of Comerica Bank's portfolio, making the stock its 25th biggest position. Comerica Bank's holdings in Procter & Gamble were worth $133,040,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Procter & Gamble by 0.8% in the 1st quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after purchasing an additional 248,792 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after purchasing an additional 2,466,308 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Procter & Gamble by 3.5% in 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 last quarter. Charles Schwab Investment Management Inc. grew its stake 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. Finally, Ameriprise Financial Inc. grew its stake in shares of Procter & Gamble by 7.0% in the 1st quarter. Ameriprise Financial Inc. now owns 16,325,813 shares of the company's stock worth $2,782,467,000 after purchasing an additional 1,062,103 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Stock Up 0.6%

Shares of PG stock traded up $0.99 during trading on Wednesday, hitting $156.96. 4,548,118 shares of the company were exchanged, compared to its average volume of 7,181,753. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm has a market capitalization of $367.67 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 4.12 and a beta of 0.37. The business's 50-day simple moving average is $156.65 and its 200 day simple moving average is $162.76. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.42 by $0.06. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $1.40 earnings per share. 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 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PG. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Redburn Atlantic downgraded shares of Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 target price on the stock. in a research report on Thursday, May 1st. Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a research report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.94.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Ma. Fatima Francisco sold 9,100 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 $1,431,157.00. Following the completion of the sale, the chief executive officer directly owned 27,295 shares in the company, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar G. Raman sold 9,554 shares of the firm'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 transaction of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 119,181 shares of company stock valued at $18,761,172 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

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.