Vident Advisory LLC Has $26.39 Million Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Vident Advisory LLC increased its holdings in Procter & Gamble by 52.9%, acquiring an additional 53,570 shares, bringing their total to 154,823 shares worth $26.39 million.
• Procter & Gamble's quarterly earnings surpassed expectations, with $1.48 earnings per share and revenue of $20.89 billion, representing a year-over-year increase of 1.7%.
• The company announced a quarterly dividend of $1.0568 per share, yielding 2.7%, with a payout ratio of 64.98%.

Vident Advisory LLC boosted its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 154,823 shares of the company's stock after acquiring an additional 53,570 shares during the period. Vident Advisory LLC's holdings in Procter & Gamble were worth $26,386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PG. Nuveen LLC acquired a new stake in Procter & Gamble during the 1st quarter worth $1,954,941,000. GAMMA Investing LLC grew its holdings in Procter & Gamble by 20,758.5% during the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after acquiring an additional 2,466,308 shares during the period. Invesco Ltd. grew its holdings in Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock worth $2,299,580,000 after acquiring an additional 2,228,151 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock worth $2,728,430,000 after acquiring an additional 2,224,912 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Evercore ISI reissued 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Wells Fargo & Company reduced their price target 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. Finally, BNP Paribas reissued an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. One investment 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Activity at Procter & Gamble

In other news, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andre Schulten sold 11,638 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the transaction, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last ninety days. Company insiders own 0.18% of the company's stock.

Procter & Gamble Stock Down 0.5%

PG traded down $0.84 during trading on Wednesday, hitting $157.16. The company had a trading volume of 2,334,802 shares, compared to its average volume of 8,014,015. The company has a market capitalization of $368.12 billion, a PE ratio of 24.16, a PEG ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The firm's 50-day moving average price is $156.42 and its 200 day moving average price is $162.37. 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 posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS 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 analysts' expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The firm's revenue 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. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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