Bank Pictet & Cie Europe AG Sells 11,333 Shares of Procter & Gamble Company (The) $PG

Bank Pictet & Cie Europe AG decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 441,103 shares of the company’s stock after selling 11,333 shares during the period. Procter & Gamble accounts for 1.4% of Bank Pictet & Cie Europe AG’s investment portfolio, making the stock its 17th largest position. Bank Pictet & Cie Europe AG’s holdings in Procter & Gamble were worth $67,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PG. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Procter & Gamble in the 3rd quarter worth approximately $25,000. Signature Resources Capital Management LLC raised its holdings in shares of Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after acquiring an additional 72 shares in the last quarter. Quarry LP bought a new stake in Procter & Gamble in the first quarter valued at $33,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter worth approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PG has been the topic of several research reports. Morgan Stanley set a $175.00 price target on Procter & Gamble in a research report on Monday, October 27th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Barclays decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a research note on Monday, December 8th. Finally, JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.38.

Insider Transactions at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total value of $108,438.25. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Trading Down 0.5%

NYSE:PG opened at $143.33 on Friday. Procter & Gamble Company has a 12 month low of $138.14 and a 12 month high of $179.99. The company has a 50 day simple moving average of $146.16 and a two-hundred day simple moving average of $152.34. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. The company has a market cap of $334.92 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 4.83 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 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 firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period in the prior year, the business posted $1.93 EPS. Procter & Gamble’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. Research analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were issued 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 payout ratio is 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.