Procter & Gamble Company (The) $PG Stock Holdings Trimmed by BDF Gestion

BDF Gestion reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 11.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,542 shares of the company’s stock after selling 3,874 shares during the quarter. BDF Gestion’s holdings in Procter & Gamble were worth $4,437,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PG. BlackRock Inc. acquired a new position in Procter & Gamble in the second quarter valued at approximately $27,862,105,000. State Street Corp raised its holdings in Procter & Gamble by 1.0% during 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 in the last quarter. Bank of America Corp DE purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $3,850,628,000. Bank of New York Mellon Corp purchased a new stake in shares of Procter & Gamble during the 2nd quarter worth approximately $2,281,505,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Procter & Gamble by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company’s stock valued at $1,704,182,000 after buying an additional 300,280 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PG. Bank of America cut their price target on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $149.00 price objective on shares of Procter & Gamble in a report on Monday, August 24th. Citigroup raised their price objective on Procter & Gamble from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 9th. HSBC reiterated a “hold” rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Finally, Jefferies Financial Group boosted their target price on Procter & Gamble from $177.00 to $179.00 and gave the company a “buy” rating in a report on Friday, June 26th. Fourteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.20.

Insiders Place Their Bets

In related news, insider Marc S. Pritchard sold 4,030 shares of the company’s stock in a transaction 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 owned 187,001 shares of the company’s stock, valued at $26,888,873.79. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Paul Gama sold 2,225 shares of the stock in a transaction on Monday, October 5th. The stock was sold at an average price of $145.34, for a total value of $323,381.50. Following the completion of the transaction, the chief executive officer owned 51,124 shares of the company’s stock, valued at $7,430,362.16. The trade was a 4.17% decrease in their position. 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. Over the last ninety days, insiders sold 15,135 shares of company stock worth $2,189,970. Corporate insiders own 0.23% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock traded down $1.93 during midday trading on Monday, hitting $157.42. 3,445,057 shares of the company’s stock were exchanged, compared to its average volume of 9,668,325. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25. 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 stock has a market cap of $365.63 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.96 and a beta of 0.39. The firm’s 50 day simple moving average is $146.88 and its 200 day simple moving average is $146.53.

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

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be paid a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio is 65.71%.

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.