Procter & Gamble Company (The) $PG Shares Sold by Yacktman Asset Management LP

Key Points

• Yacktman Asset Management trimmed its Procter & Gamble stake by 1.2% in the fourth quarter, selling 23,517 shares and leaving it with 1,918,353 shares worth about $274.9 million.
• Procter & Gamble reported quarterly EPS of $1.59, beating expectations, while revenue came in at $21.24 billion, slightly below forecasts. The company also raised its quarterly dividend to $1.0885 per share, implying a 3.0% yield.
• Analysts remain broadly constructive on PG, with a consensus rating of Moderate Buy and an average price target of $161.06, though several firms recently cut their targets and earnings estimates.

Yacktman Asset Management LP lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,918,353 shares of the company's stock after selling 23,517 shares during the period. Procter & Gamble makes up about 3.8% of Yacktman Asset Management LP's holdings, making the stock its 8th largest position. Yacktman Asset Management LP owned 0.08% of Procter & Gamble worth $274,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PG. Vanguard Group Inc. grew its stake in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company's stock valued at $34,030,358,000 after acquiring an additional 2,829,151 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Procter & Gamble by 100.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company's stock valued at $782,607,000 after buying an additional 2,741,924 shares during the last quarter. Amundi boosted its position in shares of Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company's stock valued at $1,606,748,000 after buying an additional 2,222,560 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Procter & Gamble by 8.3% during the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock valued at $3,510,955,000 after buying an additional 1,752,481 shares during the last quarter. Finally, Danske Bank A S purchased a new position in shares of Procter & Gamble during the third quarter valued at approximately $252,853,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PG shares. Morgan Stanley cut their target price on Procter & Gamble from $175.00 to $166.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 22nd. Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an "outperform" rating on the stock in a research report on Thursday, April 9th. Dbs Bank raised Procter & Gamble from a "hold" rating to a "buy" rating in a research report on Friday, January 23rd. Raymond James Financial cut their target price on Procter & Gamble from $175.00 to $170.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group dropped their price target on Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $161.06.

Procter & Gamble News Summary

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

• Positive Sentiment: Motley Fool highlighted Procter & Gamble as one of the best consumer staples stocks to buy and hold for decades, citing its deeply embedded household brands and dependable demand. The 2 Best Consumer Staples Stocks to Buy and Hold for Decades
• Neutral Sentiment: Jim Cramer discussed Procter & Gamble alongside Amazon, and the coverage noted that UBS recently raised its view, which may be helping sentiment around the name. Jim Cramer Shares Key Insight About Procter & Gamble (PG) And Amazon
• Negative Sentiment: Zacks Research and Erste Group both trimmed multiple forward earnings estimates for Procter & Gamble, including FY2026, FY2027 and several quarterly forecasts. Lower earnings expectations can pressure valuation and weigh on the stock. Procter & Gamble analyst estimate updates
• Neutral Sentiment: Amazon’s new logistics service named Procter & Gamble as an early user, which is more of an operational note than a direct catalyst for PG shares. Amazon Opens Logistics Network To Clients What It Means For Investors

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $146.44 on Friday. The business's fifty day simple moving average is $148.41 and its 200 day simple moving average is $148.55. The firm has a market capitalization of $341.00 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 6.26 and a beta of 0.41. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $170.99. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.03. The business had revenue of $21.24 billion for the quarter, compared to analyst estimates of $21.52 billion. Procter & Gamble had a return on equity of 32.00% and a net margin of 19.16%.Procter & Gamble's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, April 24th will be issued a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. This is an increase from Procter & Gamble's previous quarterly dividend of $1.06. The ex-dividend date is Friday, April 24th. Procter & Gamble's dividend payout ratio is 63.60%.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the business's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider directly owned 44,735 shares in the company, 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 filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 5,549 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $165.29, for a total value of $917,194.21. Following the completion of the sale, the chief executive officer owned 1,029 shares in the company, valued at approximately $170,083.41. The trade was a 84.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 244,715 shares of company stock valued at $39,702,904 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Profile

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.

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.