Martingale Asset Management L P Sells 17,018 Shares of Procter & Gamble Company (The) $PG

Martingale Asset Management L P trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,808 shares of the company’s stock after selling 17,018 shares during the quarter. Procter & Gamble accounts for approximately 0.9% of Martingale Asset Management L P’s holdings, making the stock its 21st biggest holding. Martingale Asset Management L P’s holdings in Procter & Gamble were worth $36,437,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Nuveen LLC bought a new stake in shares of Procter & Gamble in the 1st quarter worth approximately $1,954,941,000. GAMMA Investing LLC lifted its stake in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the period. Northern Trust Corp lifted its stake in Procter & Gamble by 10.1% in the fourth quarter. Northern Trust Corp now owns 29,395,208 shares of the company’s stock worth $4,928,107,000 after acquiring an additional 2,703,757 shares during the period. Invesco Ltd. boosted its holdings in Procter & Gamble by 19.8% in the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock valued at $2,299,580,000 after acquiring an additional 2,228,151 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock valued at $2,728,430,000 after purchasing an additional 2,224,912 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Activity

In other news, COO Shailesh Jejurikar sold 13,039 shares of the business’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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the sale, the chief financial officer owned 52,642 shares in the company, valued at $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,837 shares of company stock valued at $14,285,935 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PG. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. BNP Paribas restated an “outperform” rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. UBS Group set a $180.00 price objective on Procter & Gamble and gave the company a “buy” rating in a research report on Wednesday, July 30th. Morgan Stanley set a $180.00 target price on Procter & Gamble and gave the stock an “overweight” rating in a report on Friday, April 25th. Finally, Bank of America lowered their target price on Procter & Gamble from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $175.94.

Procter & Gamble Stock Performance

Shares of PG opened at $159.4180 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The stock has a market cap of $373.42 billion, a P/E ratio of 24.49, a P/E/G ratio of 4.18 and a beta of 0.37. The business’s 50 day moving average price is $156.91 and its 200-day moving average price is $163.11. Procter & Gamble Company has a 52 week low of $149.91 and a 52 week high of $180.43.

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

Procter & Gamble Announces Dividend

The business also recently declared 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 payout ratio is currently 64.82%.

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.