Procter & Gamble Company (The) $PG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Procter & Gamble Company (The) (NYSE:PG) by 60.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 179,855 shares of the company’s stock after selling 270,492 shares during the period. Federated Hermes Inc.’s holdings in Procter & Gamble were worth $27,635,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Truist Financial Corp grew its holdings in shares of Procter & Gamble by 1.2% during the third quarter. Truist Financial Corp now owns 1,230,230 shares of the company’s stock worth $189,025,000 after buying an additional 14,484 shares in the last quarter. EPG Wealth Management LLC boosted its position in Procter & Gamble by 2.3% during the third quarter. EPG Wealth Management LLC now owns 7,883 shares of the company’s stock worth $1,211,000 after acquiring an additional 180 shares during the last quarter. VanWeelden Wealth Management LLC purchased a new stake in Procter & Gamble in the 3rd quarter worth approximately $1,636,000. Principle Wealth Partners LLC raised its holdings in Procter & Gamble by 0.9% in the 3rd quarter. Principle Wealth Partners LLC now owns 73,853 shares of the company’s stock valued at $11,348,000 after acquiring an additional 650 shares during the last quarter. Finally, Pines Wealth Management LLC lifted its stake in shares of Procter & Gamble by 1.7% during the 3rd quarter. Pines Wealth Management LLC now owns 17,303 shares of the company’s stock worth $2,659,000 after purchasing an additional 297 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 95,903 shares of Procter & Gamble stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the sale, the insider owned 182,607 shares in the company, valued at $27,601,048.05. This trade represents a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PG shares. Bank of America reduced their target price on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Piper Sandler assumed coverage on shares of Procter & Gamble in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $150.00 target price on the stock. TD Cowen lowered shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price target for the stock from $150.00 to $156.00 in a research report on Tuesday. Barclays set a $155.00 price target on shares of Procter & Gamble in a research note on Friday, January 16th. Finally, Raymond James Financial lowered their price objective on shares of Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 20th. Thirteen equities 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.00.

Procter & Gamble Stock Performance

Shares of PG stock opened at $151.80 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market cap of $352.78 billion, a PE ratio of 22.49, a P/E/G ratio of 4.98 and a beta of 0.39. The company’s fifty day simple moving average is $144.89 and its 200-day simple moving average is $150.33. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.02. The firm had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be issued a $1.0568 dividend. 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 is currently 62.67%.

Procter & Gamble Company 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.