Procter & Gamble Company (The) $PG Stock Position Boosted by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its holdings in Procter & Gamble by 111,162 shares, totaling 17,273,679 shares and making up about 0.6% of its investment portfolio.
• Procter & Gamble’s CEO, Gary A. Coombe, sold 10,194 shares of stock, resulting in a 22.57% decrease in his ownership, while the company's stock reached an opening price of $157.13.
• Several analysts have adjusted their price targets on Procter & Gamble, with UBS Group setting a target of $180.00 and BNP Paribas affirming an "outperform" rating with a target of $177.00.

Royal Bank of Canada lifted its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,273,679 shares of the company's stock after purchasing an additional 111,162 shares during the period. Procter & Gamble comprises 0.6% of Royal Bank of Canada's investment portfolio, making the stock its 29th biggest position. Royal Bank of Canada owned about 0.74% of Procter & Gamble worth $2,943,779,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in PG. Brighton Jones LLC grew its position in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Procter & Gamble by 493.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock valued at $57,294,000 after purchasing an additional 284,174 shares during the period. Triumph Capital Management lifted its stake in shares of Procter & Gamble by 102.7% in the fourth quarter. Triumph Capital Management now owns 9,400 shares of the company's stock valued at $1,576,000 after purchasing an additional 4,763 shares during the period. AlTi Global Inc. lifted its stake in shares of Procter & Gamble by 4.1% in the fourth quarter. AlTi Global Inc. now owns 38,544 shares of the company's stock valued at $6,388,000 after purchasing an additional 1,517 shares during the period. Finally, Advanced Portfolio Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at about $1,309,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Procter & Gamble Trading Down 0.0%

PG stock traded down $0.03 during midday trading on Friday, reaching $159.16. 3,256,506 shares of the company's stock traded hands, compared to its average volume of 8,003,967. The company has a market capitalization of $372.52 billion, a P/E ratio of 24.46, a PEG ratio of 4.17 and a beta of 0.36. 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 fifty-two week low of $149.91 and a fifty-two week high of $180.43. The business has a 50-day moving average price of $156.41 and a two-hundred day moving average price of $162.31.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its 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 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 analysts' expectations of $20.79 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The business's revenue for the quarter was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business 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. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is 64.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares in the company, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 41,886 shares of the company's stock, valued at $6,624,689.76. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

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.