Procter & Gamble Company (The) $PG Shares Sold by J.Safra Asset Management Corp

J.Safra Asset Management Corp reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,434 shares of the company’s stock after selling 261 shares during the quarter. J.Safra Asset Management Corp’s holdings in Procter & Gamble were worth $549,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Stableford Capital II LLC grew its stake in Procter & Gamble by 1.1% during the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company’s stock valued at $993,000 after purchasing an additional 61 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management grew its stake in Procter & Gamble by 2.3% during the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company’s stock valued at $476,000 after purchasing an additional 63 shares during the last quarter. Private Management Group Inc. grew its stake in Procter & Gamble by 4.8% during the 1st quarter. Private Management Group Inc. now owns 1,384 shares of the company’s stock valued at $236,000 after purchasing an additional 64 shares during the last quarter. Lantz Financial LLC grew its stake in Procter & Gamble by 1.2% during the 2nd quarter. Lantz Financial LLC now owns 5,237 shares of the company’s stock valued at $834,000 after purchasing an additional 64 shares during the last quarter. Finally, Orca Investment Management LLC grew its stake in Procter & Gamble by 2.0% during the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company’s stock valued at $516,000 after purchasing an additional 64 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the transaction, the chief executive officer owned 34,978 shares of the company’s stock, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. The trade was a 11.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock worth $23,421,279 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Berenberg Bank upped their target price on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Finally, Barclays lowered their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Eleven investment 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, Procter & Gamble presently has an average rating of “Moderate Buy” and a consensus target price of $172.21.

Procter & Gamble Stock Performance

NYSE PG opened at $149.18 on Wednesday. The stock has a market capitalization of $349.15 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 3.91 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $155.15 and a 200 day moving average of $159.20.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 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.