AustralianSuper Pty Ltd Decreases Position in Procter & Gamble Company (The) $PG

AustralianSuper Pty Ltd decreased its holdings in Procter & Gamble Company (The) (NYSE:PG) by 91.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,446 shares of the company’s stock after selling 242,498 shares during the quarter. AustralianSuper Pty Ltd’s holdings in Procter & Gamble were worth $3,602,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Procter & Gamble by 16.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 384,432 shares of the company’s stock valued at $59,068,000 after buying an additional 52,989 shares during the last quarter. Mystic Asset Management Inc. raised its position in shares of Procter & Gamble by 0.9% in the 3rd quarter. Mystic Asset Management Inc. now owns 19,557 shares of the company’s stock valued at $3,005,000 after purchasing an additional 170 shares during the last quarter. Truist Financial Corp raised its position in shares of Procter & Gamble by 1.2% in the 3rd quarter. Truist Financial Corp now owns 1,230,230 shares of the company’s stock valued at $189,025,000 after purchasing an additional 14,484 shares during the last quarter. EPG Wealth Management LLC boosted its stake in Procter & Gamble by 2.3% in the 3rd quarter. EPG Wealth Management LLC now owns 7,883 shares of the company’s stock worth $1,211,000 after purchasing an additional 180 shares in the last quarter. Finally, VanWeelden Wealth Management LLC purchased a new stake in Procter & Gamble during the 3rd quarter worth approximately $1,636,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research note on Monday, October 27th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Rothschild & Co Redburn raised their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Raymond James Financial dropped their target price 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. Thirteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.00.

Insider Activity

In other news, insider Marc S. Pritchard sold 95,903 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the sale, the insider directly owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Up 1.3%

Shares of PG stock opened at $151.80 on Friday. Procter & Gamble Company has a twelve month low of $137.62 and a twelve month high of $179.99. The stock has a market cap of $352.78 billion, a P/E ratio of 22.49, a P/E/G ratio of 4.98 and a beta of 0.39. The stock has a 50 day moving average of $144.89 and a 200 day moving average of $150.33. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same quarter last year, the company earned $1.88 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be given a $1.0568 dividend. The ex-dividend date is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is 62.67%.

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.