Procter & Gamble Company (The) $PG Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Procter & Gamble by 1.5%, holding 416,710 shares after selling 6,301 during the second quarter.
• Procter & Gamble reported earnings of $1.48 per share, exceeding analyst expectations, and achieved a revenue of $20.89 billion, reflecting a 1.7% increase from the previous year.
• The company announced a quarterly dividend of $1.0568, representing an annualized dividend of $4.23 and a yield of 2.8%.

J. Safra Sarasin Holding AG decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,710 shares of the company's stock after selling 6,301 shares during the quarter. Procter & Gamble accounts for about 1.1% of J. Safra Sarasin Holding AG's holdings, making the stock its 26th biggest position. J. Safra Sarasin Holding AG's holdings in Procter & Gamble were worth $66,410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. DMKC Advisory Services LLC boosted its position in Procter & Gamble by 14.2% during the second quarter. DMKC Advisory Services LLC now owns 13,098 shares of the company's stock worth $2,038,000 after purchasing an additional 1,626 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Procter & Gamble by 18.0% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 39,333 shares of the company's stock worth $6,267,000 after buying an additional 6,009 shares during the last quarter. Access Financial Services Inc. boosted its position in shares of Procter & Gamble by 0.6% in the 2nd quarter. Access Financial Services Inc. now owns 10,889 shares of the company's stock worth $1,735,000 after buying an additional 65 shares in the last quarter. Philip James Wealth Mangement LLC grew its stake in Procter & Gamble by 9.2% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 5,676 shares of the company's stock valued at $904,000 after acquiring an additional 477 shares during the last quarter. Finally, Viewpoint Investment Partners Corp acquired a new position in Procter & Gamble during the second quarter worth about $360,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Down 0.7%

Shares of NYSE PG opened at $152.06 on Friday. 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 stock has a market capitalization of $355.90 billion, a PE ratio of 23.36, a P/E/G ratio of 4.04 and a beta of 0.36. The firm has a fifty day moving average of $155.63 and a 200-day moving average of $160.17. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced 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 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is currently 64.82%.

Wall Street Analyst Weigh In

PG has been the subject of a number of recent research reports. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. BNP Paribas reissued an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus target price of $173.11.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary A. Coombe sold 10,194 shares of the business'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 value of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,181 shares of company stock worth $18,918,012. Corporate insiders own 0.20% 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.

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