Procter & Gamble Company (The) $PG Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC reduced its holdings in Procter & Gamble by 8.1% in the first quarter, now owning 352,034 shares valued at approximately $59.99 million.
• Multiple hedge funds increased their stakes in Procter & Gamble, with GAMMA Investing LLC leading this trend by raising its stake by an extraordinary 20,758.5%.
• Analysts have set a consensus target price of $175.94 for Procter & Gamble, reflecting overall positive sentiment with a mix of buy and hold ratings from various research firms.

Kestra Advisory Services LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,034 shares of the company's stock after selling 30,869 shares during the quarter. Kestra Advisory Services LLC's holdings in Procter & Gamble were worth $59,994,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Nuveen LLC acquired a new stake in Procter & Gamble during the 1st quarter worth $1,954,941,000. GAMMA Investing LLC increased its stake in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after purchasing an additional 7,913,335 shares during the period. Northern Trust Corp raised its holdings in shares of Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company's stock valued at $4,928,107,000 after buying an additional 2,703,757 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 worth $3,660,737,000 after buying an additional 2,466,308 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after buying an additional 2,228,151 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PG. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Erste Group Bank cut Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Morgan Stanley set a $180.00 price objective on shares of Procter & Gamble and gave the company an "overweight" rating in a research report on Friday, April 25th. Truist Financial dropped their price objective on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $175.94.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the firm'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 $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. This trade represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the sale, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,433 shares of company stock valued at $15,637,828 in the last 90 days. Insiders own 0.18% of the company's stock.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $158.7040 on Friday. The company has a market cap of $371.74 billion, a P/E ratio of 24.38, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The business has a fifty day moving average of $156.82 and a two-hundred day moving average of $163.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the company posted $1.40 EPS. The business's revenue for the quarter 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 predict 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. Investors of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

About Procter & Gamble

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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