Procter & Gamble Company (The) $PG is Guinness Asset Management LTD's 10th Largest Position

Key Points

• Guinness Asset Management LTD has reduced its stake in Procter & Gamble by 2.6%, lowering its holdings to approximately 1.22 million shares, which account for around 4.0% of its total investments.
• CEO Gary A. Coombe and CEO Jennifer L. Davis both sold shares of Procter & Gamble, with Coombe reducing his position by 22.57% and Davis by 11.68% over the last few weeks.
• The stock currently has a market cap of $371.27 billion and analysts have a consensus rating of "Moderate Buy" with an average target price of $175.12.

Guinness Asset Management LTD decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,215,379 shares of the company's stock after selling 32,611 shares during the quarter. Procter & Gamble accounts for approximately 4.0% of Guinness Asset Management LTD's portfolio, making the stock its 10th largest position. Guinness Asset Management LTD owned about 0.05% of Procter & Gamble worth $206,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble in the first quarter worth approximately $26,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $31,000. Quarry LP purchased a new stake in Procter & Gamble in the first quarter worth approximately $33,000. 10Elms LLP purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.4%

PG stock traded down $0.61 on Friday, reaching $158.02. The company's stock had a trading volume of 5,956,120 shares, compared to its average volume of 5,974,909. The business has a fifty day simple moving average of $156.21 and a two-hundred day simple moving average of $161.77. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The firm has a market cap of $369.85 billion, a PE ratio of 24.27, a PEG ratio of 4.17 and a beta of 0.36. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same quarter last year, the firm posted $1.40 earnings per share. The firm's revenue 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, research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

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 $1.0568 dividend. 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 (DPR) is presently 64.98%.

Wall Street Analysts Forecast Growth

PG has been the subject of several research reports. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Finally, Wells Fargo & Company lowered their price objective on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. One 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Buying and Selling

In related 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 sale, the chief executive officer owned 27,295 shares of the company's stock, 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 legal filing with the SEC, which is available through this link. Also, CEO Sundar G. Raman sold 9,554 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares of the company's stock, valued at $6,624,689.76. This represents a 18.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock valued at $18,918,012 over the last three months. Insiders own 0.20% of the company's stock.

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.