Mirae Asset Global Investments Co. Ltd. Buys 1,706,977 Shares of Procter & Gamble Company (The) $PG

Mirae Asset Global Investments Co. Ltd. bought a new position in Procter & Gamble Company (The) (NYSE:PG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,706,977 shares of the company’s stock, valued at approximately $247,990,000.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Procter & Gamble in the second quarter valued at $27,862,105,000. State Street Corp increased its position in Procter & Gamble by 1.0% in the second quarter. State Street Corp now owns 102,216,308 shares of the company’s stock worth $14,988,999,000 after purchasing an additional 965,461 shares during the last quarter. Bank of America Corp DE purchased a new stake in Procter & Gamble during the second quarter valued at $3,850,628,000. Bank of New York Mellon Corp purchased a new stake in Procter & Gamble during the second quarter valued at $2,281,505,000. Finally, Dimensional Fund Advisors LP lifted its position in Procter & Gamble by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after purchasing an additional 300,280 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 3,914 shares of the company’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $568,860.76. Following the sale, the chief financial officer owned 65,618 shares in the company, valued at $9,536,920.12. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Shailesh Jejurikar sold 35,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $163.09, for a total transaction of $5,708,150.00. Following the sale, the chief executive officer owned 55,391 shares in the company, valued at approximately $9,033,718.19. This represents a 38.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,647 shares of company stock valued at $9,268,508. 0.23% of the stock is owned by company insiders.

Procter & Gamble Trading Up 0.5%

PG opened at $161.42 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average is $149.99 and its two-hundred day moving average is $148.94. The company has a market capitalization of $374.14 billion, a P/E ratio of 24.31, a PEG ratio of 3.97 and a beta of 0.39. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion during the quarter, compared to analyst estimates of $22.80 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. Procter & Gamble’s revenue was up 4.0% on a year-over-year basis. Analysts forecast that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 23rd will be issued a $1.0885 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio (DPR) is currently 65.51%.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Analyst upgrade: Freedom Broker upgraded PG from “hold” to “buy,” providing a positive signal for the stock and reflecting greater confidence in the company’s outlook. Freedom Broker upgrades Procter & Gamble to buy from hold
• Positive Sentiment: Dividend appeal remains strong: Articles highlighted PG as a long-standing dividend leader, supporting its appeal to income-focused and defensive investors. The company’s record of dividend increases may help underpin demand for the shares, particularly when investors favor stable consumer-staples businesses. Dividend Kings article Trusted dividend stocks article
• Neutral Sentiment: Bond issuance adds balance-sheet context: PG’s euro- and dollar-denominated bond sale provides liquidity and funding flexibility, but it also draws attention to leverage, interest costs, and the company’s relatively elevated valuation. Procter & Gamble bond sale
• Neutral Sentiment: Growth story under review: Commentary on PG points to accelerating revenue growth, while also noting that higher operating costs could pressure margins and earnings. Investors are weighing improved sales momentum against cost inflation. Procter & Gamble revenue growth and costs What changed in Procter & Gamble’s story
• Negative Sentiment: Mixed rating signals and valuation risk: DZ Bank downgraded PG from “strong-buy” to “hold.” With shares trading at a premium valuation, a more cautious analyst stance could weigh on upside unless earnings growth accelerates. DZ Bank rating change
• Negative Sentiment: Advertising challenge produced only a limited win: Following PG’s challenge, the National Advertising Division supported Carpe’s $19.95 reference price but recommended changes or removal of other savings, free-shipping, comparative-performance, and “first” 100-hour protection claims. The outcome may modestly strengthen competitive advertising standards, but it does not represent a material financial catalyst for PG. National Advertising Division decision involving Carpe

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $169.00 target price on shares of Procter & Gamble in a report on Friday, October 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $161.00 price target on shares of Procter & Gamble in a research report on Thursday, October 22nd. HSBC cut Procter & Gamble from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $182.00 to $149.00 in a research note on Thursday, July 30th. TD Cowen raised their price objective on Procter & Gamble from $150.00 to $166.00 and gave the company a “hold” rating in a research note on Friday, October 23rd. Finally, BNP Paribas Exane lifted their target price on Procter & Gamble from $177.00 to $189.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Fifteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $170.57.

About Procter & Gamble

Procter & Gamble Company (NYSE: PG) is a global consumer products company that develops, manufactures and markets branded products used in households and personal care. Its portfolio includes personal health and grooming products, beauty and skin care items, baby, feminine and family care products, fabric and home care products, and oral care products.

The company’s well-known brands include Pampers, Tide, Gillette, Crest, Oral-B, Head & Shoulders, Pantene, Olay, Old Spice, Dawn, Febreze and Mr.