Sumitomo Mitsui Financial Group Inc. Has $4.15 Million Stock Position in Procter & Gamble Company (The) $PG

Sumitomo Mitsui Financial Group Inc. boosted its holdings in Procter & Gamble Company (The) (NYSE:PG) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,993 shares of the company’s stock after buying an additional 3,267 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in Procter & Gamble were worth $4,147,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PG. Halbert Hargrove Global Advisors LLC acquired a new position in Procter & Gamble during the 3rd quarter valued at $25,000. Corundum Trust Company INC bought a new position in shares of Procter & Gamble during the 3rd quarter worth about $32,000. Marquette Asset Management LLC acquired a new position in shares of Procter & Gamble during the third quarter valued at about $37,000. Redmont Wealth Advisors LLC bought a new stake in shares of Procter & Gamble in the third quarter valued at about $40,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Procter & Gamble in the third quarter valued at about $44,000. 65.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 12,827 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total value of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at $2,026,158.09. The trade was a 50.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman directly owned 319,385 shares of the company’s stock, valued at $51,884,093.25. This represents a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 343,069 shares of company stock valued at $54,545,448 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $163.67 on Friday. The firm has a market capitalization of $380.37 billion, a P/E ratio of 24.25, a P/E/G ratio of 5.46 and a beta of 0.38. The stock has a fifty day moving average price of $150.50 and a two-hundred day moving average price of $151.03. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $179.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.02. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 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 disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PG shares. UBS Group upped their price target on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen lowered Procter & Gamble from a “buy” rating to a “hold” rating and upped their target price for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Monday, December 29th. Jefferies Financial Group raised shares of Procter & Gamble from a “hold” rating to a “buy” rating and boosted their price target for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Finally, Dbs Bank raised shares of Procter & Gamble from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble 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.