Procter & Gamble Company (The) $PG Shares Sold by Public Sector Pension Investment Board
by Kim Johansen · The Markets DailyPublic Sector Pension Investment Board trimmed its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 28.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,489 shares of the company’s stock after selling 181,746 shares during the period. Public Sector Pension Investment Board’s holdings in Procter & Gamble were worth $74,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the first quarter worth about $26,000. Signature Resources Capital Management LLC increased its holdings in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after buying an additional 72 shares during the period. Quarry LP purchased a new position in Procter & Gamble during the 1st quarter worth approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble during the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of Procter & Gamble in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.
Procter & Gamble Price Performance
Shares of Procter & Gamble stock opened at $142.77 on Friday. The firm has a market cap of $333.61 billion, a PE ratio of 20.84, a P/E/G ratio of 4.80 and a beta of 0.39. Procter & Gamble Company has a twelve month low of $138.14 and a twelve month high of $179.99. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $147.84 and a 200 day moving average price of $154.25.
Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.90 by $0.09. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.23 billion. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.
Procter & Gamble Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble’s dividend payout ratio is currently 61.75%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. Morgan Stanley set a $175.00 target price on shares of Procter & Gamble in a report on Monday, October 27th. BNP Paribas Exane reduced their price objective on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a report on Wednesday, October 8th. UBS Group dropped their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.40.
Check Out Our Latest Report on PG
Insider Buying and Selling at Procter & Gamble
In related news, CEO Jon R. Moeller sold 11,684 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the transaction, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at approximately $48,703,248.36. This trade represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $647,281.96. Following the completion of the sale, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. The trade was a 7.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 30,308 shares of company stock valued at $4,611,852. Insiders own 0.20% of the company’s stock.
About Procter & Gamble
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.
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