GQG Partners LLC Has $4.28 Million Stock Position in Procter & Gamble Company (The) $PG

GQG Partners LLC cut its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 69.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 29,177 shares of the company’s stock after selling 67,315 shares during the period. GQG Partners LLC’s holdings in Procter & Gamble were worth $4,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Baxter Bros Inc. purchased a new stake in Procter & Gamble in the second quarter worth $12,381,000. Cibc World Market Inc. lifted its position in shares of Procter & Gamble by 40.6% during the 4th quarter. Cibc World Market Inc. now owns 511,833 shares of the company’s stock valued at $73,351,000 after buying an additional 147,701 shares during the last quarter. World Investment Advisors grew its stake in shares of Procter & Gamble by 15.9% during the 4th quarter. World Investment Advisors now owns 105,915 shares of the company’s stock worth $15,179,000 after acquiring an additional 14,492 shares during the period. Resources Management Corp CT ADV increased its holdings in Procter & Gamble by 41.8% in the 4th quarter. Resources Management Corp CT ADV now owns 81,511 shares of the company’s stock worth $11,681,000 after acquiring an additional 24,010 shares during the last quarter. Finally, Indivisible Partners bought a new stake in Procter & Gamble in the 4th quarter valued at about $2,120,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 359 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total value of $52,141.16. Following the completion of the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total transaction of $579,473.70. Following the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PG has been the topic of several recent research reports. Barclays upped their price objective on shares of Procter & Gamble from $146.00 to $152.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their price target on shares of Procter & Gamble from $169.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Sanford C. Bernstein restated a “market perform” rating and set a $149.00 price target on shares of Procter & Gamble in a research note on Monday. Citigroup cut their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Procter & Gamble in a report on Wednesday, August 19th. Thirteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.19.

Procter & Gamble Price Performance

NYSE:PG opened at $145.02 on Thursday. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25. The stock has a fifty day moving average of $147.41 and a 200 day moving average of $148.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market capitalization of $337.09 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 4.48 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. The firm had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts expect that Procter & Gamble Company will post 6.98 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a $1.0885 dividend. The ex-dividend date was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is 65.71%.

Procter & Gamble Company 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.