Ameriprise Financial Inc. Sells 444,054 Shares of Procter & Gamble Company (The) $PG

Ameriprise Financial Inc. reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,881,759 shares of the company’s stock after selling 444,054 shares during the quarter. Procter & Gamble accounts for approximately 0.6% of Ameriprise Financial Inc.’s investment portfolio, making the stock its 16th biggest holding. Ameriprise Financial Inc. owned approximately 0.68% of Procter & Gamble worth $2,530,244,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PG. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% during the fourth 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 period. Taylor Financial Group Inc. raised its position in shares of Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Procter & Gamble by 110.1% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 39,513 shares of the company’s stock worth $6,734,000 after buying an additional 20,705 shares during the last quarter. Horizon Investments LLC boosted its holdings in shares of Procter & Gamble by 10.4% during the 1st quarter. Horizon Investments LLC now owns 24,011 shares of the company’s stock worth $4,067,000 after buying an additional 2,268 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Procter & Gamble by 7.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,409,865 shares of the company’s stock valued at $1,773,888,000 after buying an additional 697,366 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Berenberg Bank lifted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a report on Wednesday, September 17th. Wells Fargo & Company decreased their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. Bank of America cut their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $171.40.

Insider Activity at Procter & Gamble

In other news, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $491,246.21. Following the completion of the transaction, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares in the company, valued at approximately $7,139,434.77. This represents a 7.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 30,308 shares of company stock valued at $4,611,852. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $142.77 on Friday. Procter & Gamble Company has a 1 year low of $138.14 and a 1 year high of $179.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The stock has a market cap of $333.61 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 4.73 and a beta of 0.39. The company has a 50 day simple moving average of $147.84 and a 200 day simple moving average of $154.34.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The firm had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the firm posted $1.93 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Research analysts anticipate 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 Monday, November 17th. Stockholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

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.