Hartford Investment Management Co. Has $21.09 Million Position in Procter & Gamble Company (The) $PG

Hartford Investment Management Co. lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,255 shares of the company’s stock after selling 4,191 shares during the period. Procter & Gamble accounts for 0.6% of Hartford Investment Management Co.’s portfolio, making the stock its 24th largest holding. Hartford Investment Management Co.’s holdings in Procter & Gamble were worth $21,089,000 as of its most recent filing with the Securities & Exchange Commission.

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

Procter & Gamble Price Performance

Shares of PG stock opened at $153.24 on Tuesday. The stock’s fifty day simple moving average is $145.01 and its 200 day simple moving average is $150.27. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The firm has a market cap of $356.13 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 5.04 and a beta of 0.38. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data 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. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The company had revenue of $22.21 billion during the quarter, compared to analysts’ expectations of $22.36 billion. During the same period last year, the business earned $1.88 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and increased their target price for the company from $150.00 to $156.00 in a research note on Tuesday, January 27th. UBS Group upped their price target on Procter & Gamble from $161.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Barclays set a $155.00 price objective on Procter & Gamble in a report on Friday, January 16th. JPMorgan Chase & Co. upgraded Procter & Gamble from a “neutral” rating to an “overweight” rating and upped their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. Finally, Dbs Bank upgraded shares of Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Insider Activity

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 stock was sold at an average price of $151.15, for a total value of $14,495,738.45. Following the transaction, the insider directly owned 182,607 shares of the company’s stock, valued at $27,601,048.05. The trade was a 34.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.20% of the company’s stock.

About Procter & Gamble

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.