Procter & Gamble Company (The) $PG Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PGFree Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,345,958 shares of the company’s stock after selling 384,844 shares during the quarter. Bank of New York Mellon Corp owned about 0.74% of Procter & Gamble worth $2,665,206,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after purchasing an additional 3,189,111 shares during the last quarter. Geode Capital Management LLC raised its position in Procter & Gamble by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock worth $9,439,341,000 after buying an additional 1,060,713 shares during the last quarter. Norges Bank acquired a new stake in shares of Procter & Gamble in the 2nd quarter worth $5,099,644,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after acquiring an additional 294,673 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Procter & Gamble by 21.4% during the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after acquiring an additional 2,880,895 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PG shares. Bank of America lowered their price objective on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Procter & Gamble from $158.00 to $165.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. Finally, Barclays set a $155.00 price target on Procter & Gamble in a research note on Friday, January 16th. Thirteen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.00.

Read Our Latest Report on PG

Key Headlines Impacting Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total value of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew W. Janzaruk sold 725 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total transaction of $108,438.25. Following the sale, the chief accounting officer owned 979 shares in the company, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 96,629 shares of company stock worth $14,604,323. 0.20% of the stock is owned by insiders.

Procter & Gamble Stock Down 0.7%

Shares of NYSE PG opened at $148.49 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.72 and a quick ratio of 0.51. The firm’s 50-day moving average is $144.83 and its two-hundred day moving average is $150.37. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $179.99. The company has a market capitalization of $345.09 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 4.96 and a beta of 0.39.

Procter & Gamble (NYSE:PGGet Free Report) last posted its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. Procter & Gamble had a return on equity of 32.10% and a net margin of 19.30%.Procter & Gamble’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 23rd will be given a dividend of $1.0568 per share. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, January 23rd. Procter & Gamble’s dividend payout ratio (DPR) is currently 62.67%.

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

Further Reading

Institutional Ownership by Quarter for Procter & Gamble (NYSE:PG)

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