J.Safra Asset Management Corp Cuts Position in Procter & Gamble Company (The) $PG

J.Safra Asset Management Corp lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 7.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Other institutional investors have also added to or reduced their stakes in the company. Sagespring Wealth Partners LLC boosted its holdings in shares of Procter & Gamble by 0.5% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 50,888 shares of the company’s stock worth $8,107,000 after purchasing an additional 239 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Procter & Gamble by 6.2% in the 2nd quarter. Boston Trust Walden Corp now owns 512,119 shares of the company’s stock worth $81,591,000 after purchasing an additional 29,796 shares during the period. Frazier Financial Advisors LLC boosted its holdings in shares of Procter & Gamble by 5.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 4,123 shares of the company’s stock worth $657,000 after purchasing an additional 206 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of Procter & Gamble in the 2nd quarter worth approximately $552,000. Finally, Harbour Trust & Investment Management Co boosted its holdings in shares of Procter & Gamble by 1.4% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 13,246 shares of the company’s stock worth $2,110,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Insider Transactions at Procter & Gamble

In other news, CEO Jon R. Moeller sold 40,119 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at approximately $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. BNP Paribas Exane dropped their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Wells Fargo & Company dropped their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Barclays dropped their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Evercore ISI restated an “in-line” rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of “Moderate Buy” and an average price target of $172.21.

Procter & Gamble Trading Up 1.1%

Shares of NYSE PG opened at $149.18 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $155.15 and a two-hundred day simple moving average of $159.20. The firm has a market cap of $349.15 billion, a PE ratio of 22.92, a price-to-earnings-growth 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.

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

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s 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.