National Bank of Canada FI Boosts Stock Position in Procter & Gamble Company (The) $PG

National Bank of Canada FI grew its holdings in Procter & Gamble Company (The) (NYSE:PG) by 7.7% during the second quarter, HoldingsChannel.com reports. The firm owned 2,414,034 shares of the company’s stock after acquiring an additional 172,935 shares during the quarter. National Bank of Canada FI’s holdings in Procter & Gamble were worth $384,606,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FORA Capital LLC grew its stake in Procter & Gamble by 44.8% in the 2nd quarter. FORA Capital LLC now owns 46,832 shares of the company’s stock worth $7,461,000 after acquiring an additional 14,495 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Procter & Gamble by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 31,377 shares of the company’s stock valued at $4,999,000 after purchasing an additional 2,403 shares during the period. Headlands Technologies LLC bought a new position in Procter & Gamble in the second quarter worth approximately $70,000. MUFG Securities EMEA plc purchased a new position in Procter & Gamble during the 2nd quarter worth $1,104,000. Finally, Howland Capital Management LLC increased its holdings in Procter & Gamble by 6.4% during the 2nd quarter. Howland Capital Management LLC now owns 158,127 shares of the company’s stock worth $25,193,000 after purchasing an additional 9,484 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent research reports. Bank of America dropped their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Raymond James Financial dropped their target price on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating for the company in a report on Monday, December 8th. Dbs Bank upgraded shares of Procter & Gamble to a “hold” rating in a research note on Friday, December 5th. Finally, BNP Paribas Exane cut their price objective 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. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.40.

Insider Activity

In related news, CEO Gary A. Coombe sold 3,535 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $538,133.05. Following the transaction, the chief executive officer directly owned 34,816 shares of the company’s stock, valued at $5,300,039.68. This represents a 9.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jennifer L. Davis sold 3,227 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 $491,246.21. Following the completion of the sale, the chief executive officer directly owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This represents a 4.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,308 shares of company stock worth $4,611,852 over the last quarter. Company insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 1.4%

NYSE:PG opened at $142.77 on Friday. The company’s 50-day simple moving average is $147.84 and its 200-day simple moving average is $154.25. 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 Company has a fifty-two week low of $138.14 and a fifty-two week high of $179.99. The stock has a market capitalization of $333.61 billion, a P/E ratio of 20.84, a P/E/G ratio of 4.80 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. The company 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 32.63%. Procter & Gamble’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter 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. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 24th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 3.0%. Procter & Gamble’s dividend payout ratio (DPR) is presently 61.75%.

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.