Pictet Asset Management Holding SA Buys 59,135 Shares of Procter & Gamble Company (The) $PG

Pictet Asset Management Holding SA lifted its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,612,910 shares of the company’s stock after purchasing an additional 59,135 shares during the quarter. Pictet Asset Management Holding SA owned about 0.07% of Procter & Gamble worth $234,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Ellis Investment Partners LLC boosted its stake in Procter & Gamble by 0.7% during the third quarter. Ellis Investment Partners LLC now owns 8,816 shares of the company’s stock worth $1,281,000 after buying an additional 64 shares during the last quarter. Clark Wealth Partners increased its stake in shares of Procter & Gamble by 20.6% in the 3rd quarter. Clark Wealth Partners now owns 387 shares of the company’s stock worth $56,000 after acquiring an additional 66 shares during the last quarter. Kuhn & Co Investment Counsel increased its stake in shares of Procter & Gamble by 1.0% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 6,555 shares of the company’s stock worth $952,000 after acquiring an additional 66 shares during the last quarter. Whelan Financial increased its stake in shares of Procter & Gamble by 1.9% in the 3rd quarter. Whelan Financial now owns 3,689 shares of the company’s stock worth $536,000 after acquiring an additional 68 shares during the last quarter. Finally, KLCM Advisors Inc. raised its holdings in shares of Procter & Gamble by 0.9% during the 1st quarter. KLCM Advisors Inc. now owns 7,890 shares of the company’s stock worth $1,140,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

PG stock opened at $165.31 on Friday. The business has a fifty day moving average of $152.01 and a two-hundred day moving average of $149.43. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.40. The stock has a market cap of $383.15 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 4.07 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $170.52.

Procter & Gamble (NYSE:PG) last posted its earnings results on Thursday, October 22nd. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion for the quarter, compared to the consensus estimate of $22.80 billion. During the same quarter in the previous year, the business earned $1.99 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts anticipate that Procter & Gamble Company will post 6.99 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Investors of record on Friday, October 23rd will be given a dividend of $1.0885 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, October 23rd. Procter & Gamble’s dividend payout ratio (DPR) is presently 65.51%.

Analysts Set New Price Targets

PG has been the topic of several recent research reports. Evercore raised shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target on the stock in a research report on Tuesday, October 6th. Barclays upped their price objective on shares of Procter & Gamble from $152.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, October 26th. Piper Sandler raised their price objective on shares of Procter & Gamble from $145.00 to $167.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. Morgan Stanley lifted their target price on shares of Procter & Gamble from $166.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, October 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Procter & Gamble from $162.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.57.

More Procter & Gamble News

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

• Positive Sentiment: P&G has raised its dividend for 70 consecutive years. Its quarterly payout is about $1.09 per share, equivalent to a roughly 2.6% yield, supporting the stock’s appeal to income-focused investors. Article: P&G dividend history and yield
• Positive Sentiment: Recent coverage points to investor interest in consumer-staples stocks as technology shares weaken. P&G may benefit from its defensive profile and dividend reputation. Article: Consumer staples rotation
• Neutral Sentiment: Zacks Research made mixed earnings-estimate changes: it lowered several forecasts for 2027 and 2028, while modestly raising some later-period estimates. The mixed revisions offer no clear overall change in the longer-term outlook. Procter & Gamble analyst estimates
• Neutral Sentiment: Management will discuss strategy and P&G’s long-term transformation at an Investor Day webcast on November 19; investors may look for updates on growth and execution. Article: P&G Investor Day webcast
• Negative Sentiment: CFO Andre Schulten sold 33,624 shares for about $5.55 million, reducing his direct stake by roughly 34%. The sale may concern investors, although insider transactions alone do not establish a change in the company’s prospects. Article: CFO share sale

Insider Transactions at Procter & Gamble

In related news, CFO Andre Schulten sold 33,624 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $165.00, for a total value of $5,547,960.00. Following the sale, the chief financial officer directly owned 65,618 shares in the company, valued at approximately $10,826,970. The trade was a 33.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victor Aguilar sold 18,812 shares of the company’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $164.43, for a total transaction of $3,093,257.16. Following the completion of the transaction, the insider directly owned 55,243 shares in the company, valued at $9,083,606.49. The trade was a 25.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 161,709 shares of company stock worth $26,244,058 in the last 90 days. Insiders own 0.23% of the company’s stock.

About Procter & Gamble