Groupama Asset Managment Sells 13,659 Shares of Procter & Gamble Company (The) $PG

Groupama Asset Managment decreased its stake in Procter & Gamble Company (The) (NYSE:PG) by 2.5% in the first quarter, Holdings Channel.com reports. The firm owned 525,655 shares of the company’s stock after selling 13,659 shares during the period. Groupama Asset Managment’s holdings in Procter & Gamble were worth $75,926,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PG. Vanguard Group Inc. lifted its position in Procter & Gamble by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 237,459,756 shares of the company’s stock worth $34,030,358,000 after buying an additional 2,829,151 shares during the last quarter. State Street Corp increased its position in Procter & Gamble by 1.0% during the fourth quarter. State Street Corp now owns 101,618,926 shares of the company’s stock valued at $14,563,008,000 after acquiring an additional 984,102 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Procter & Gamble by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after acquiring an additional 1,974,556 shares during the period. Norges Bank purchased a new stake in shares of Procter & Gamble in the fourth quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Procter & Gamble by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock worth $4,243,815,000 after acquiring an additional 1,091,091 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

Procter & Gamble News Summary

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: Citigroup maintained a Buy rating and set a $170 price target, implying substantial potential upside from recent levels, although the target was reduced from $181. Procter & Gamble Given New $170 Price Target at Citigroup
• Positive Sentiment: Brokerage coverage still leans constructive, with PG receiving an average “Moderate Buy” rating; Jefferies also retained its Buy rating despite trimming its target to $177. PG Average Rating of Moderate Buy
• Positive Sentiment: Management is emphasizing innovation, productivity improvements, e-commerce growth and market-share gains to support a consumer recovery. New product and marketing initiatives, including Downy’s premium fragrance campaign, could help reinforce brand strength. PG Q4 Earnings Call Highlights

Wall Street Analyst Weigh In

PG has been the topic of several analyst reports. Evercore set a $162.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Piper Sandler raised their price objective on shares of Procter & Gamble from $142.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Royal Bank Of Canada cut their target price on Procter & Gamble from $172.00 to $167.00 and set an “outperform” rating on the stock in a research note on Thursday, April 9th. UBS Group increased their price target on Procter & Gamble from $166.00 to $172.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Finally, Rothschild & Co Redburn decreased their price target on Procter & Gamble from $157.00 to $155.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.52.

Procter & Gamble Trading Up 0.5%

PG stock opened at $144.62 on Friday. Procter & Gamble Company has a 12 month low of $137.62 and a 12 month high of $167.25. The firm’s 50-day moving average is $147.71 and its 200 day moving average is $148.92. The company has a market capitalization of $336.77 billion, a PE ratio of 21.85, a P/E/G ratio of 7.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.68 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.25%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.99 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 24th will be issued a $1.0885 dividend. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s payout ratio is presently 65.71%.

Procter & Gamble Company 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.