Federated Hermes Inc. Sells 11,292 Shares of Procter & Gamble Company (The) $PG

Federated Hermes Inc. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 450,347 shares of the company’s stock after selling 11,292 shares during the quarter. Federated Hermes Inc.’s holdings in Procter & Gamble were worth $71,749,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. lifted its stake in shares of Procter & Gamble by 10.6% in the 1st quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the period. Zions Bancorporation National Association UT bought a new stake in shares of Procter & Gamble during the 1st quarter valued at about $1,730,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in Procter & Gamble by 122.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 192,923 shares of the company’s stock worth $32,878,000 after purchasing an additional 106,008 shares during the period. Finally, Covington Investment Advisors Inc. lifted its stake in Procter & Gamble by 7.4% in the first quarter. Covington Investment Advisors Inc. now owns 39,229 shares of the company’s stock valued at $6,685,000 after buying an additional 2,700 shares during the period. 65.77% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Shailesh Jejurikar sold 3,986 shares of the business’s stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the transaction, the chief operating officer directly owned 46,899 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Schulten sold 4,252 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $647,281.96. Following the completion of the sale, the chief financial officer owned 53,992 shares of the company’s stock, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 30,308 shares of company stock worth $4,611,852. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BNP Paribas restated an “outperform” rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. Bank of America cut their price objective on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. BNP Paribas Exane decreased their target price on Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Berenberg Bank upped their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Finally, Wells Fargo & Company reduced 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. Twelve research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and an average target price of $171.53.

Procter & Gamble Trading Down 1.4%

PG opened at $143.33 on Monday. Procter & Gamble Company has a fifty-two week low of $142.51 and a fifty-two week high of $179.99. The firm has a market capitalization of $334.91 billion, a PE ratio of 20.92, a P/E/G ratio of 4.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The company’s 50-day moving average is $149.10 and its 200 day moving average is $155.08.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period in the previous year, the company posted $1.93 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble’s dividend payout ratio (DPR) is 61.75%.

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.