Groupama Asset Managment raised its position in shares of Procter & Gamble Company (The) (NYSE:PG – Free Report) by 1.3% in the third quarter, HoldingsChannel.com reports. The firm owned 339,053 shares of the company’s stock after buying an additional 4,251 shares during the period. Groupama Asset Managment’s holdings in Procter & Gamble were worth $52,095,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC bought a new position in Procter & Gamble during the third quarter valued at about $25,000. Corundum Trust Company INC bought a new stake in Procter & Gamble in the third quarter worth about $32,000. Caitlin John LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $34,000. Marquette Asset Management LLC acquired a new stake in Procter & Gamble in the 3rd quarter valued at about $37,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Procter & Gamble during the 3rd quarter valued at about $40,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the completion of the sale, the insider directly owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the sale, the chairman owned 319,385 shares of the company’s stock, valued at $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 348,618 shares of company stock valued at $55,462,643 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.
Procter & Gamble Stock Down 3.1%
Procter & Gamble (NYSE:PG – Get Free Report) last posted its quarterly earnings data on Friday, January 23rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion during the quarter, compared to analyst estimates of $22.36 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.
Procter & Gamble Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. The ex-dividend date was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.9%. Procter & Gamble’s payout ratio is currently 62.67%.
Analysts Set New Price Targets
A number of research firms recently commented on PG. JPMorgan Chase & Co. upgraded shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $157.00 to $165.00 in a report on Friday, January 23rd. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the stock from $150.00 to $156.00 in a research report on Tuesday, January 27th. Barclays set a $155.00 price target on Procter & Gamble in a report on Friday, January 16th. Dbs Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.33.
View Our Latest Analysis on PG
More Procter & Gamble News
Here are the key news stories impacting Procter & Gamble this week:
- Positive Sentiment: BEVEL brand expands into men’s body care with a targeted body cream aimed at Black men — broadens P&G’s addressable market in men’s personal care and supports brand extension/innovation strategy. Procter And Gamble Expands Bevel Into Men’s Body Care Segment
- Positive Sentiment: P&G Premium is testing a paid loyalty program in baby and home care — potential to boost retention, margins and first‑party consumer data if rollout scales. Procter & Gamble Premium Launches Test Loyalty In Baby And Home Care
- Positive Sentiment: Featured in retail/dividend roundups as a blue‑chip dividend name — reinforces PG’s appeal to income investors and may support longer‑term investor demand. The Best Dividend Stocks to Buy and Hold Forever
- Neutral Sentiment: Marketing trend coverage: P&G products are being integrated into short “microdramas” and mobile video content — an execution note on advertising strategy but not an immediate earnings driver. Body Scrub, Concealer and Shoe Trinkets Star in Brands’ ‘Microdramas’
- Neutral Sentiment: Sector/competitive news (Coty board refresh, Unilever strategic rumblings) can change competitive dynamics over time but are not direct catalysts for PG near term. Coty Revamps Board With Appointment of Five New Independent Directors
- Negative Sentiment: Market commentary and data reports flagged that PG’s share price declined in the most recent session — likely driving intraday selling and headline attention. Procter & Gamble (PG) Registers a Bigger Fall Than the Market Zacks: Procter & Gamble Registers a Bigger Fall Than the Market
Procter & Gamble 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.
See Also
Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG – Free Report).
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