Asahi Life Asset Management CO. LTD. Sells 1,221 Shares of Procter & Gamble Company (The) $PG

Asahi Life Asset Management CO. LTD. lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 9.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,907 shares of the company’s stock after selling 1,221 shares during the quarter. Procter & Gamble comprises 1.1% of Asahi Life Asset Management CO. LTD.’s portfolio, making the stock its 23rd largest holding. Asahi Life Asset Management CO. LTD.’s holdings in Procter & Gamble were worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new stake in Procter & Gamble during the first quarter worth approximately $26,000. Signature Resources Capital Management LLC boosted its position in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after purchasing an additional 72 shares during the period. Quarry LP bought a new stake in Procter & Gamble during the first quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Procter & Gamble during the second quarter worth approximately $37,000. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $145.79 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The stock has a fifty day moving average price of $153.32 and a two-hundred day moving average price of $157.37. Procter & Gamble Company has a 52-week low of $145.65 and a 52-week high of $180.43. The firm has a market capitalization of $340.67 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is currently 61.61%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. The trade was a 22.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 150,488 shares of company stock valued at $23,529,718. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PG. BNP Paribas Exane cut their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Evercore ISI reiterated an “in-line” rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Raymond James Financial cut their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $171.53.

About Procter & Gamble

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.