Greenwood Capital Associates LLC Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Greenwood Capital Associates LLC reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 91.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,856 shares of the company’s stock after selling 32,132 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Procter & Gamble were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after acquiring an additional 3,189,111 shares during the period. Kingstone Capital Partners Texas LLC grew its holdings in Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock valued at $11,832,680,000 after purchasing an additional 76,017,350 shares during the period. Geode Capital Management LLC increased its position in Procter & Gamble by 1.8% during the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock worth $9,439,341,000 after purchasing an additional 1,060,713 shares during the last quarter. Norges Bank purchased a new position in Procter & Gamble during the second quarter worth approximately $5,099,644,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Procter & Gamble by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock valued at $2,770,035,000 after purchasing an additional 294,673 shares during the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $144.74 on Friday. The business’s 50-day simple moving average is $146.81 and its 200 day simple moving average is $152.78. The company has a market cap of $338.22 billion, a P/E ratio of 21.13, a PEG ratio of 4.88 and a beta of 0.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a one year low of $138.14 and a one year high of $179.99.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.09. Procter & Gamble had a net margin of 19.74% and a return on equity of 32.63%. The company had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same quarter last year, the company earned $1.93 earnings per share. Procter & Gamble’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. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analysts Set New Price Targets

PG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $165.00 to $157.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Procter & Gamble in a research note on Monday, December 22nd. Barclays reduced their price objective on Procter & Gamble from $153.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. Dbs Bank raised shares of Procter & Gamble to a “hold” rating in a research report on Friday, December 5th. Finally, Raymond James Financial cut their price target on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 20th. Thirteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $171.38.

Insider Transactions at Procter & Gamble

In related news, CEO Jon R. Moeller sold 11,684 shares of the business’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $1,778,655.32. Following the transaction, the chief executive officer owned 319,932 shares in the company, valued at approximately $48,703,248.36. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer L. Davis sold 3,227 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $491,246.21. Following the sale, the chief executive officer owned 61,764 shares of the company’s stock, valued at approximately $9,402,333.72. This trade represents a 4.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,308 shares of company stock worth $4,611,852 over the last three months. Insiders own 0.20% of the company’s stock.

Procter & Gamble Profile

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.