Fundsmith 13F: Cuts The Procter & Gamble (PG) Stake by $7.1M

Fundsmith Trims Stake in The Procter & Gamble Company

Fundsmith trimmed its position in The Procter & Gamble Company (NYSE: PG) during the period, cutting its holdings by 48,134 shares according to a Form 13F filing with the Securities and Exchange Commission. The adjustment brought the fund's total stake down to 4,199,914 shares. At the close of the reporting window, that remaining position carried a value of roughly $615.9 million.

Details on the Share Reduction

Before this trim, the fund held 4,248,048 shares of the consumer goods giant. The 1.1% reduction scales back the position slightly while keeping a multi-million dollar investment intact in the Cincinnati-based maker of household brands. Because 13F filings look backward at holdings from the end of the reporting period, the paperwork may not reflect the firm's current share count today.

Procter & Gamble Stock Performance

Shares of Procter & Gamble trade near $146.64, sitting close to the 50-day moving average of $146.10 and right around the 200-day mark of $174.46. The consumer defensive equity has moved between a low of $137.62 and a peak of $167.25 over the past year. With a market capitalization in the hundreds of billions, the company continues to anchor large portfolios across the consumer goods sector.

Recent Earnings Results

The company reported annual revenue of $87.0 billion alongside a net margin of 18.4%. Profitability remained strong with a return on equity of 30.3% and earnings of $6.62 per share. The next earnings update is scheduled for October 22, 2026.

Dividend Payouts

Procter & Gamble distributes an annual dividend of $4.35 per share, yielding 2.97% based on current trading levels. The payout ratio sits at 64.3%, reflecting regular capital returns to shareholders.

Wall Street Analyst Views

Firms covering the stock have updated their outlooks through the fall. On October 14, 2026, Citigroup maintained a buy rating and raised its price target to $180.00. Earlier on October 6, 2026, Evercore ISI Group upgraded the stock to an outperform rating with a target of $166.00, while RBC Capital maintained an outperform rating at a target of $166.00. TD Cowen reiterated a hold rating with a $150.00 target on September 30, 2026. The stock carries a consensus buy recommendation from 23 analysts.

Consumer Staples Leader

Headquartered in Ohio, The Procter & Gamble Company manufactures branded consumer packaged goods worldwide. Its portfolio spans beauty, grooming, health care, fabric care, and baby products sold through mass merchandisers, grocery stores, and online channels. Fundsmith's ongoing adjustments to its large equity holdings give market watchers a window into how major institutional managers pace their exposure to defensive consumer giants.