Robeco Institutional Asset Management B.V. Grows Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Procter & Gamble by 19.6% during the second quarter, now holding 2,312,668 shares valued at approximately $368 million.
• Insider sales included CEO Gary A. Coombe selling 10,194 shares for over $1.6 million, representing a 22.57% decrease in their ownership.
• The company recently announced a dividend of $1.0568 per share, reflecting an annualized payout of $4.23 with a yield of 2.8%.

Robeco Institutional Asset Management B.V. lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 19.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,312,668 shares of the company's stock after buying an additional 379,292 shares during the quarter. Procter & Gamble comprises 0.6% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 29th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Procter & Gamble worth $368,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble during the first quarter valued at about $26,000. Signature Resources Capital Management LLC increased its position in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock valued at $28,000 after buying an additional 72 shares during the period. Quarry LP purchased a new position in shares of Procter & Gamble during the first quarter valued at about $33,000. Mizuho Securities Co. Ltd. increased its position in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after buying an additional 170 shares during the period. Finally, Quest 10 Wealth Builders Inc. increased its position in shares of Procter & Gamble by 50.3% during the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock valued at $42,000 after buying an additional 82 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's 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 completion of the sale, the chief executive officer directly owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Pritchard sold 9,849 shares of the company's 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 $1,548,952.23. Following the sale, the insider directly owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. 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 owned by company insiders.

Analysts Set New Price Targets

PG has been the topic of a number of recent research reports. Evercore ISI restated 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. 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. Berenberg Bank upped their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. BNP Paribas restated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Finally, JPMorgan Chase & Co. restated 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble presently has a consensus rating of "Moderate Buy" and an average target price of $173.11.

Procter & Gamble Stock Down 0.4%

Shares of Procter & Gamble stock opened at $152.97 on Thursday. The company has a market cap of $358.03 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36. The company's 50 day moving average is $155.77 and its 200 day moving average is $160.29. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. 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 (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share 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%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. 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. Research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.