Procter & Gamble Company (The) $PG is Guinness Asset Management LTD’s 10th Largest Position

Guinness Asset Management LTD lessened its holdings in Procter & Gamble Company (The) (NYSE:PG) by 2.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,215,379 shares of the company’s stock after selling 32,611 shares during the quarter. Procter & Gamble makes up about 4.0% of Guinness Asset Management LTD’s holdings, making the stock its 10th largest holding. Guinness Asset Management LTD’s holdings in Procter & Gamble were worth $206,989,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in Procter & Gamble during the first quarter valued at approximately $26,000. Capital A Wealth Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $31,000. Quarry LP purchased a new stake in Procter & Gamble during the first quarter valued at approximately $33,000. 10Elms LLP purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the subject of a number of analyst reports. BNP Paribas reissued an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.12.

Procter & Gamble Stock Up 0.8%

NYSE:PG opened at $158.63 on Friday. The firm has a market capitalization of $371.27 billion, a P/E ratio of 24.37, a PEG ratio of 4.15 and a beta of 0.36. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company’s fifty day moving average price is $156.26 and its 200-day moving average price is $162.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were paid a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is presently 64.82%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 1,000 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the sale, the insider owned 28,436 shares in the company, valued at $4,459,902.24. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar G. Raman sold 9,554 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the completion of the sale, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. The trade was a 18.57% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Company 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.