Procter & Gamble Company (The) $PG Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 540,493 shares of the company’s stock after selling 86,774 shares during the period. Procter & Gamble accounts for about 0.5% of Banque Pictet & Cie SA’s investment portfolio, making the stock its 20th largest position. Banque Pictet & Cie SA’s holdings in Procter & Gamble were worth $83,047,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PG. Brighton Jones LLC increased 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 in the last quarter. Taylor Financial Group Inc. grew its holdings 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 worth $493,000 after buying an additional 277 shares in the last quarter. Quarry LP acquired a new position in shares of Procter & Gamble in the first quarter valued at approximately $33,000. Bosun Asset Management LLC lifted its stake in shares of Procter & Gamble by 8.9% during the first quarter. Bosun Asset Management LLC now owns 2,723 shares of the company’s stock valued at $464,000 after buying an additional 223 shares during the period. Finally, Copperleaf Capital LLC acquired a new stake in Procter & Gamble during the first quarter worth approximately $213,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research note on Monday, October 27th. Barclays dropped their price objective on shares of Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating for the company in a research note on Monday, December 8th. Finally, Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a report on Friday, December 5th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.38.

Insider Activity at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the transaction, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $143.33 on Friday. The company has a market cap of $334.92 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 4.83 and a beta of 0.39. Procter & Gamble Company has a 12 month low of $138.14 and a 12 month 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’s 50-day moving average is $146.16 and its 200-day moving average is $152.34.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter in the prior year, the company earned $1.93 EPS. 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. Equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Procter & Gamble Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.