Caisse DE Depot ET Placement DU Quebec Increases Stake in The Procter & Gamble Company

Caisse DE Depot ET Placement DU Quebec has significantly increased its investment in The Procter & Gamble Company (NYSE:PG - Free Report) by 67.7% during the third quarter. This was revealed in a recent filing with the Securities and Exchange Commission (SEC). Following this acquisition, the institutional investor now controls a total of 1,854,581 shares of Procter & Gamble's stock, having added an impressive 748,993 shares during the quarter. At the end of this period, Caisse DE Depot ET Placement DU Quebec's ownership represented 0.08% of Procter & Gamble, with a market value amounting to approximately $321,213,000.

Additionally, other institutional investors and hedge funds have also adjusted their holdings in Procter & Gamble. Infusive Asset Management Inc. has boosted its stake by 30.2% during the same quarter, now holding 69,120 shares valued at $11,972,000 after acquiring 16,040 more shares. Similarly, Icon Wealth Advisors LLC has increased its holdings by 5.1%, amounting to 28,613 shares valued at $4,956,000, after purchasing an additional 1,380 shares. Other notable investors include Rockefeller Capital Management L.P., which raised its position by 5.9% to own 757,654 shares worth $131,217,000 after adding 42,537 shares, and CWS Financial Advisors LLC, which increased its stake by 1.1% with a total of 14,439 shares worth $2,501,000. Providence Wealth Advisors LLC also experienced a 1.5% increase in its holdings with 9,571 shares valued at about $1,619,000. Currently, about 65.77% of Procter & Gamble's stock is owned by institutional investors.

Research Analyst Updates

Procter & Gamble has recently been the focus of several research reports from analysts. The Royal Bank of Canada maintained a "sector perform" rating, setting a price target of $164.00 for the shares. Wolfe Research upgraded the company's stock to a "strong-buy" rating in August, while Barclays downgraded it from "overweight" to "equal weight," establishing a target price of $163.00. In reports from October, Morgan Stanley raised its target price for Procter & Gamble from $174.00 to $191.00, alongside an "overweight" rating. JPMorgan Chase & Co. also increased its price target from $179.00 to $186.00, maintaining an "overweight" rating for the stock. Overall, eight analysts have issued hold ratings, fourteen have assigned buy ratings, and two have rated the stock as a strong buy. MarketBeat indicates a consensus of "Moderate Buy" with an average target price of $180.45.

Insider Activity

In related news about Procter & Gamble, insider Susan Street Whaley sold 634 shares on October 2nd for an average price of $171.65, totaling approximately $108,826. Following this transaction, she now directly holds 19,341 shares, valued at around $3,319,883, representing a decrease of about 3.17% in her ownership. Another insider, Balaji Purushothaman, sold 12,800 shares on October 24th at an average price of $168.99, resulting in a total transaction of $2,163,072. After this sale, he owns 11,566 shares worth nearly $1,954,538, a decrease of about 52.53%. Over the last quarter, insiders have sold 35,233 shares worth approximately $6,024,234, while corporate insiders currently hold about 0.18% of the company's stock.

Performance Overview

Recently, shares of Procter & Gamble opened at $179.37. The company has seen a 52-week range with a low of $142.50 and a high of $180.43. As of now, its fifty-day moving average is $170.48, and the two-hundred day moving average stands at $169.07. Procter & Gamble has a debt-to-equity ratio of 0.50, a quick ratio of 0.55, and a current ratio of 0.75. The company's market capitalization is approximately $422.42 billion, with a price-to-earnings (P/E) ratio of 30.93 and a price-to-earnings-growth (PEG) ratio of 3.86.

The Procter & Gamble Company reported its quarterly earnings on October 18th, revealing earnings per share (EPS) of $1.93, surpassing the analysts' expectations of $1.90. The company reported revenue of $21.74 billion for the quarter, slightly below the estimates of $21.99 billion. Year-over-year, this revenue represents a decrease of 0.6%. During the same quarter last year, the EPS was $1.83. Analysts predict that Procter & Gamble will report an EPS of 6.97 for the current fiscal year.

Dividend Declaration

Procter & Gamble recently announced a quarterly dividend, distributed on November 15th. Shareholders on record by October 18th received a dividend of $1.0065, translating to an annualized dividend of $4.03 and a yield of 2.24%. The ex-dividend date is the same as the record date, October 18th. The dividend payout ratio for the company stands at 69.31%.

About Procter & Gamble

The Procter & Gamble Company specializes in providing branded consumer packaged goods worldwide. It operates across five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. Within its Beauty segment, it offers a range of products including shampoos, conditioners, and skin care products under respected brands such as Head & Shoulders, Olay, and Old Spice.

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