AustralianSuper Pty Ltd Has $42.37 Million Position in Procter & Gamble Company (The) $PG

AustralianSuper Pty Ltd reduced its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 59.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 265,944 shares of the company’s stock after selling 392,629 shares during the period. AustralianSuper Pty Ltd’s holdings in Procter & Gamble were worth $42,370,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC raised its stake in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Quarry LP purchased a new position in shares of Procter & Gamble during the 1st quarter valued at $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $34,000. Finally, RMG Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 2nd quarter valued at $37,000. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on PG shares. UBS Group lowered their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. BNP Paribas Exane lowered their price target on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Barclays lowered their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a report on Friday, October 10th. Eleven equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.68.

Insider Buying and Selling

In other news, COO Shailesh Jejurikar sold 3,986 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the sale, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the completion of the sale, the insider directly owned 12,616 shares in the company, valued at approximately $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock valued at $23,421,279 in the last quarter. Insiders own 0.20% of the company’s stock.

Procter & Gamble Trading Up 0.3%

Shares of NYSE:PG opened at $152.62 on Monday. The stock has a market capitalization of $357.21 billion, a PE ratio of 22.28, a P/E/G ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The firm has a fifty day moving average price of $154.66 and a 200 day moving average price of $158.38. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.51%. Procter & Gamble’s revenue for the quarter was up 3.0% on a year-over-year basis. 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. Analysts expect 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. Shareholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s dividend payout ratio is 64.98%.

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.