Procter & Gamble Company (The) $PG Stock Position Reduced by Guinness Asset Management LTD

Guinness Asset Management LTD lowered its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,215,379 shares of the company’s stock after selling 32,611 shares during the quarter. Procter & Gamble comprises approximately 4.0% of Guinness Asset Management LTD’s holdings, making the stock its 10th largest holding. Guinness Asset Management LTD owned 0.05% of Procter & Gamble worth $206,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble in the 1st quarter worth $26,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $31,000. Quarry LP purchased a new stake in Procter & Gamble in the 1st quarter worth $33,000. 10Elms LLP purchased a new stake in Procter & Gamble in the 4th quarter worth $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jennifer L. Davis sold 8,596 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,351,892.92. Following the completion of the sale, the chief executive officer directly owned 64,991 shares of the company’s stock, valued at $10,221,134.57. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BNP Paribas reiterated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Evercore ISI restated an “in-line” rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. 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. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the stock a “buy” rating in a 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.12.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $158.63 on Friday. The stock has a market cap of $371.27 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 4.15 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a 50-day moving average of $156.26 and a two-hundred day moving average of $162.00.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts forecast 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 given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s payout ratio is 64.82%.

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.