Assenagon Asset Management S.A. Reduces Holdings in Procter & Gamble Company (The) $PG

Assenagon Asset Management S.A. lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 18.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,719,015 shares of the company’s stock after selling 630,480 shares during the quarter. Procter & Gamble comprises about 0.6% of Assenagon Asset Management S.A.’s portfolio, making the stock its 29th largest position. Assenagon Asset Management S.A. owned 0.12% of Procter & Gamble worth $417,777,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PG. Brighton Jones LLC boosted its holdings in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Taylor Financial Group Inc. boosted its stake in shares of Procter & Gamble by 10.6% during 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. Algert Global LLC boosted its stake in shares of Procter & Gamble by 8.0% during the first quarter. Algert Global LLC now owns 5,410 shares of the company’s stock valued at $922,000 after purchasing an additional 400 shares during the period. Quantbot Technologies LP bought a new position in shares of Procter & Gamble in the first quarter worth about $3,494,000. Finally, EntryPoint Capital LLC purchased a new position in Procter & Gamble in the 1st quarter worth about $430,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PG has been the topic of a number of research analyst reports. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group upgraded Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $156.00 to $179.00 in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Finally, Bank of America cut their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.76.

Procter & Gamble Trading Up 1.7%

NYSE PG opened at $147.71 on Thursday. Procter & Gamble Company has a 52 week low of $138.14 and a 52 week high of $179.99. The company has a 50 day moving average price of $147.53 and a 200 day moving average price of $153.78. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The firm has a market cap of $345.15 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 4.88 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last announced its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, October 24th. Procter & Gamble’s dividend payout ratio is presently 61.75%.

Insider Buying and Selling

In related news, CEO Gary A. Coombe sold 3,535 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $538,133.05. Following the sale, the chief executive officer owned 34,816 shares in the company, valued at $5,300,039.68. This represents a 9.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andre Schulten sold 4,252 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the transaction, the chief financial officer directly owned 53,992 shares of the company’s stock, valued at $8,219,202.16. This represents a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,308 shares of company stock worth $4,611,852 over the last three months. Corporate insiders own 0.20% of the company’s stock.

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.