Westpac Banking Corp Sells 13,443 Shares of Procter & Gamble Company (The) $PG

Westpac Banking Corp lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 20.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,384 shares of the company’s stock after selling 13,443 shares during the period. Westpac Banking Corp’s holdings in Procter & Gamble were worth $7,422,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PG. Norges Bank bought a new position in shares of Procter & Gamble during the 4th quarter worth approximately $4,664,783,000. Cardano Risk Management B.V. lifted its position in shares of Procter & Gamble by 1,104.8% during the 4th quarter. Cardano Risk Management B.V. now owns 9,521,440 shares of the company’s stock valued at $1,364,518,000 after acquiring an additional 8,731,126 shares during the period. Auto Owners Insurance Co boosted its stake in Procter & Gamble by 14,231.0% during the fourth quarter. Auto Owners Insurance Co now owns 3,549,645 shares of the company’s stock worth $508,700,000 after acquiring an additional 3,524,876 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 2,829,151 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Procter & Gamble by 100.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company’s stock worth $782,607,000 after purchasing an additional 2,741,924 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Performance

PG opened at $148.12 on Wednesday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $167.25. The company has a market cap of $344.91 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 7.42 and a beta of 0.39. The company’s fifty day moving average price is $147.00 and its two-hundred day moving average price is $148.63. The company has a current ratio of 0.73, a quick ratio of 0.53 and a debt-to-equity ratio of 0.44.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.03. The firm had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $1.54 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts expect that Procter & Gamble Company will post 6.88 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 24th will be paid a dividend of $1.0885 per share. The ex-dividend date is Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s payout ratio is 63.60%.

More Procter & Gamble News

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

• Positive Sentiment: Procter & Gamble is expanding manufacturing in Egypt to use the country as a hub for exports into Gulf and African markets, which could improve supply-chain efficiency and support longer-term international growth. Procter & Gamble (PG) Expands Egypt Manufacturing To Serve Gulf And African Markets
• Positive Sentiment: Several articles frame PG as a defensive “safe haven” and a strong dividend stock, which may be attracting investors looking to rotate away from higher-volatility AI names and into steadier consumer staples. As the AI Selloff Worsens, Time-Tested Procter Gamble Stock Could Be the Biggest Winner
• Positive Sentiment: PG is also being compared favorably on value and dividend appeal versus other consumer-staples names, reinforcing the view that it remains a high-quality holding for long-term income investors. NWL vs. PG: Which Stock Is the Better Value Option?

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PG shares. BNP Paribas Exane dropped their price objective on shares of Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley reduced their target price on Procter & Gamble from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. decreased their target price on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, July 16th. Sanford C. Bernstein initiated coverage on Procter & Gamble in a research note on Thursday, June 11th. They set a “market perform” rating and a $156.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $163.00 price target on shares of Procter & Gamble in a report on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $161.74.

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.