Quintet Private Bank Europe S.A. Has $67.83 Million Holdings in Procter & Gamble Company (The) $PG

Key Points

• Quintet Private Bank Europe S.A. reduced its stake in Procter & Gamble by 5.3%, bringing its holdings to approximately $67.83 million, which represents 3.9% of its investment portfolio.
• Procter & Gamble recently reported earnings of $1.48 per share for the last quarter, surpassing estimates, with revenue increasing 1.7% year-over-year.
• The company declared a quarterly dividend of $1.0568 per share, representing an annualized dividend yield of 2.7% and a payout ratio of 64.82%.

Quintet Private Bank Europe S.A. lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 425,716 shares of the company's stock after selling 23,952 shares during the quarter. Procter & Gamble comprises about 3.9% of Quintet Private Bank Europe S.A.'s investment portfolio, making the stock its 7th biggest holding. Quintet Private Bank Europe S.A.'s holdings in Procter & Gamble were worth $67,825,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. S.E.E.D. Planning Group LLC boosted its holdings in shares of Procter & Gamble by 12.3% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 2,429 shares of the company's stock valued at $387,000 after acquiring an additional 266 shares during the last quarter. Mirabaud & Cie SA boosted its holdings in shares of Procter & Gamble by 8.7% during the 2nd quarter. Mirabaud & Cie SA now owns 54,311 shares of the company's stock valued at $8,653,000 after acquiring an additional 4,348 shares during the last quarter. Gallacher Capital Management LLC boosted its holdings in shares of Procter & Gamble by 14.1% during the 2nd quarter. Gallacher Capital Management LLC now owns 4,643 shares of the company's stock valued at $740,000 after acquiring an additional 573 shares during the last quarter. Accelerate Investment Advisors LLC boosted its holdings in shares of Procter & Gamble by 10.0% during the 2nd quarter. Accelerate Investment Advisors LLC now owns 1,629 shares of the company's stock valued at $260,000 after acquiring an additional 148 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in shares of Procter & Gamble by 5.5% during the 2nd quarter. Wesbanco Bank Inc. now owns 268,416 shares of the company's stock valued at $42,764,000 after acquiring an additional 14,025 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

PG has been the topic 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 report on Thursday, July 31st. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Evercore ISI reissued an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Wells Fargo & Company dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.12.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $158.02 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.17 and a beta of 0.36. The firm's 50 day simple moving average is $156.21 and its two-hundred day simple moving average is $161.77.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $20.79 billion. During the same quarter in the previous year, the firm earned $1.40 earnings per share. The company'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. Research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's payout ratio is currently 64.82%.

Insider Activity

In other news, CEO Jennifer L. Davis sold 8,596 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the sale, the chief executive officer owned 64,991 shares in the company, valued at $10,221,134.57. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction that occurred 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 sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock valued at $18,918,012. Company 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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