Resona Asset Management Co. Ltd. Buys 34,939 Shares of Procter & Gamble Company (The) $PG

Resona Asset Management Co. Ltd. grew its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 880,982 shares of the company’s stock after buying an additional 34,939 shares during the quarter. Procter & Gamble accounts for approximately 0.7% of Resona Asset Management Co. Ltd.’s portfolio, making the stock its 19th largest holding. Resona Asset Management Co. Ltd.’s holdings in Procter & Gamble were worth $140,432,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PG. Nova Wealth Management Inc. bought a new stake in shares of Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC grew its stake in shares of Procter & Gamble by 67.9% in 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 last quarter. Quarry LP bought a new stake in shares of Procter & Gamble in the first quarter worth about $33,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Procter & Gamble in the second quarter worth about $34,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Procter & Gamble in the second quarter worth about $37,000. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

PG has been the topic of several recent analyst reports. UBS Group cut their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company lowered their price objective on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Dbs Bank upgraded shares of Procter & Gamble to a “moderate buy” rating in a report on Tuesday, October 28th. BNP Paribas Exane lowered their price objective on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Finally, Bank of America lowered their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Price Performance

PG stock opened at $145.79 on Thursday. The firm has a 50 day moving average price of $153.32 and a 200-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 price-to-earnings ratio of 21.28, a PEG ratio of 3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71.

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

Procter & Gamble Dividend Announcement

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

Insider Activity

In other news, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the sale, the chief financial officer directly owned 52,642 shares of the company’s stock, valued at $8,279,007.34. This trade represents a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 150,488 shares of company stock valued at $23,529,718. 0.20% of the stock is currently owned by 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.