Royal Bank of Canada Purchases 111,162 Shares of Procter & Gamble Company (The) $PG

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 grew its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,273,679 shares of the company's stock after purchasing an additional 111,162 shares during the quarter. Procter & Gamble makes up about 0.6% of Royal Bank of Canada's investment portfolio, making the stock its 29th largest position. Royal Bank of Canada owned 0.74% of Procter & Gamble worth $2,943,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Unique Wealth LLC grew its holdings in shares of Procter & Gamble by 2.9% during the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock valued at $365,000 after purchasing an additional 61 shares during the last quarter. Stableford Capital II LLC boosted its position in Procter & Gamble by 1.1% during the first quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after buying an additional 61 shares during the period. Bernard Wealth Management Corp. grew its stake in shares of Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock valued at $64,000 after buying an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management increased its holdings in shares of Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares during the period. Finally, Kolinsky Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In related news, CEO Gary A. Coombe sold 10,194 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the completion of the transaction, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PG shares. Evercore ISI restated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Piper Sandler raised their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. BNP Paribas reaffirmed an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group set a $180.00 price target on shares of Procter & Gamble and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $175.12.

Procter & Gamble Stock Performance

Shares of PG stock opened at $157.13 on Friday. The firm has a market capitalization of $368.07 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 4.14 and a beta of 0.37. The stock has a fifty day moving average of $156.55 and a 200 day moving average of $162.50. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week 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 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $20.79 billion. During the same period in the prior year, the business earned $1.40 EPS. 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. As a group, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were issued a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is 64.98%.

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.

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