Procter & Gamble Stake Cut 2.8% by Baillie Gifford, $141.25M Held
Baillie Gifford & Co. trimmed its Procter & Gamble stake by 2.8% in Q3, selling 26,105 shares and retaining 919,290 shares valued at $141.25 million, per its latest 13F filing. Brighton Jones LLC boosted its Procter & Gamble holding by 51.5% to 40,068 shares worth $6.72 million.
1. Institutional Holdings Adjustment
In the third quarter, Baillie Gifford & Co. reduced its stake in Procter & Gamble by 2.8%, selling 26,105 shares and ending the period with ownership of 919,290 shares valued at $141.25 million. This shift reflects a modest reallocation by one of P&G’s top institutional holders, contributing to a broader landscape in which 65.77% of the company’s shares are held by institutions. Other notable moves include Brighton Jones LLC increasing its position by 51.5% to 40,068 shares, Taylor Financial Group Inc. adding 277 shares for a 10.6% gain, and Sivia Capital Partners LLC boosting its stake by 19.8% to 6,144 shares.
2. Analyst Ratings Summary
Research firms have maintained a generally positive outlook on Procter & Gamble. Fourteen analysts currently rate the stock as a Buy and seven as a Hold, yielding a consensus of Moderate Buy. Key recent actions include a reaffirmation of buy recommendations from TD Cowen and DBS Bank, while Raymond James Financial adjusted its outperform rating by lowering its long-term target. MarketBeat reports an average analyst price objective of 167.21, reflecting confidence in P&G’s resilient cash flow profile and brand portfolio.
3. Quarterly Earnings and Guidance
In the fiscal second quarter, Procter & Gamble delivered adjusted earnings per share of 1.88, surpassing consensus estimates by two cents. Revenue reached 22.21 billion, marking a 1.5% year-over-year increase, though slightly below street projections. The company reported a net margin of 19.3% and return on equity of 32.1%. Management set full-year EPS guidance in the range of 6.83 to 7.09, while sell-side analysts expect 6.91 EPS for the year. These results underscore steady profitability despite volume pressure in select categories.
4. Dividend Policy and Capital Return
Procter & Gamble declared a quarterly dividend of 1.0568 per share, representing an annualized payout of 4.23 and a yield of 2.8%, with a payout ratio of approximately 62.7%. The dividend will be paid to shareholders of record on January 23rd, and reflects the company’s long-standing commitment to returning cash to investors. With a debt-to-equity ratio of 0.48 and robust free cash flow generation, P&G continues to support steady dividend growth and opportunistic share repurchases.