Burgundy Asset Management Ltd. Sells 4,525 Shares of Procter & Gamble Company (The) $PG

Burgundy Asset Management Ltd. decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 539,672 shares of the company’s stock after selling 4,525 shares during the quarter. Burgundy Asset Management Ltd.’s holdings in Procter & Gamble were worth $85,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after buying an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. increased 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 valued at $493,000 after acquiring an additional 277 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Procter & Gamble in the first quarter worth about $1,730,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Procter & Gamble by 122.0% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 192,923 shares of the company’s stock valued at $32,878,000 after acquiring an additional 106,008 shares in the last quarter. Finally, Lcnb Corp raised its stake in shares of Procter & Gamble by 1.4% in the first quarter. Lcnb Corp now owns 81,458 shares of the company’s stock worth $13,882,000 after purchasing an additional 1,163 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Raymond James Financial dropped their price objective on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 20th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $163.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research report on Monday, October 27th. Finally, BNP Paribas reiterated an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.53.

Insider Activity at Procter & Gamble

In related news, CFO Andre Schulten sold 4,252 shares of Procter & Gamble 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 owned 53,992 shares in the company, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary A. Coombe sold 3,535 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $538,133.05. Following the completion of the sale, the chief executive officer directly owned 34,816 shares of the company’s stock, valued at approximately $5,300,039.68. This trade represents a 9.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,308 shares of company stock valued at $4,611,852 in the last three months. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

PG stock opened at $143.33 on Friday. Procter & Gamble Company has a twelve month low of $142.51 and a twelve month high of $179.99. The business’s fifty day simple moving average is $149.10 and its two-hundred day simple moving average is $155.15. The firm has a market cap of $334.91 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 4.33 and a beta of 0.39. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46.

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

Procter & Gamble Announces Dividend

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

Procter & Gamble 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.