Fisher Asset Management LLC Sells 464,904 Shares of Procter & Gamble Company (The) $PG

Fisher Asset Management LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,967,513 shares of the company’s stock after selling 464,904 shares during the quarter. Fisher Asset Management LLC owned approximately 0.47% of Procter & Gamble worth $1,747,344,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the 1st quarter worth $26,000. Signature Resources Capital Management LLC increased its position in Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after purchasing an additional 72 shares during the period. Quarry LP bought a new stake in shares of Procter & Gamble in the 1st quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Procter & Gamble in the 2nd quarter worth approximately $34,000. Finally, RMG Wealth Management LLC bought a new position in shares of Procter & Gamble during the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Analyst Ratings Changes

PG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, November 19th. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Wednesday, September 17th. Finally, Dbs Bank raised shares of Procter & Gamble to a “moderate buy” rating in a research report on Tuesday, October 28th. Twelve investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $171.53.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 3,986 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the transaction, the chief operating officer owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 2,408 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $366,569.84. Following the completion of the transaction, the insider owned 31,770 shares of the company’s stock, valued at approximately $4,836,347.10. This trade represents a 7.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 30,308 shares of company stock valued at $4,611,852 in the last quarter. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Stock Performance

PG opened at $148.40 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.46. Procter & Gamble Company has a 12-month low of $144.09 and a 12-month high of $180.16. The firm has a 50 day moving average of $149.79 and a two-hundred day moving average of $155.73. The firm has a market capitalization of $346.77 billion, a PE ratio of 21.66, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued its earnings results on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 24th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was 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 61.61%.

Procter & Gamble 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.