Zurich Insurance Group Ltd FI Sells 197,457 Shares of Procter & Gamble Company (The) $PG

Key Points

• Zurich Insurance Group Ltd FI has significantly reduced its stake in Procter & Gamble by 87.0%, selling over 197,000 shares, now holding approximately 29,470 shares valued at $5,022,000.
• During the same period, Empowered Funds LLC and AAF Wealth Management LLC increased their stakes by 13.4% and 10.7% respectively, showing mixed investor sentiment towards the company's stock.
• Procter & Gamble beat earnings expectations in its recent quarterly report, posting an EPS of $1.48 against forecasts of $1.42, with revenues increasing 1.7% year-over-year.

Zurich Insurance Group Ltd FI trimmed its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 87.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,470 shares of the company's stock after selling 197,457 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Procter & Gamble were worth $5,022,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. lifted its holdings in Procter & Gamble by 120.7% during the first quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company's stock valued at $62,098,000 after purchasing an additional 199,258 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in Procter & Gamble by 13.8% during the first quarter. Capital Investment Advisory Services LLC now owns 37,709 shares of the company's stock valued at $6,426,000 after purchasing an additional 4,562 shares in the last quarter. World Investment Advisors lifted its holdings in Procter & Gamble by 6.0% during the first quarter. World Investment Advisors now owns 50,913 shares of the company's stock valued at $8,677,000 after purchasing an additional 2,886 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Procter & Gamble by 26.4% during the first quarter. Concurrent Investment Advisors LLC now owns 120,002 shares of the company's stock valued at $20,451,000 after purchasing an additional 25,059 shares in the last quarter. Finally, Kelly Financial Services LLC lifted its holdings in Procter & Gamble by 8.7% during the first quarter. Kelly Financial Services LLC now owns 1,727 shares of the company's stock valued at $294,000 after purchasing an additional 138 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Price Performance

Procter & Gamble stock traded down $0.61 during mid-day trading on Friday, reaching $158.02. 5,956,120 shares of the company's stock traded hands, compared to its average volume of 6,033,143. The company has a market cap of $369.85 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 4.19 and a beta of 0.36. The stock has a 50 day moving average of $156.21 and a two-hundred day moving average of $161.90. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gary A. Coombe sold 10,194 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last quarter. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on PG. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Evercore ISI reissued an "in-line" rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

Procter & Gamble Company 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.