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% in the third quarter, HoldingsChannel reports. 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’s holdings in Procter & Gamble were worth $2,665,206,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PG. Norges Bank purchased a new position in Procter & Gamble during the second quarter worth approximately $5,099,644,000. Laurel Wealth Advisors LLC increased its holdings in shares of Procter & Gamble by 15,971.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 7,012,744 shares of the company’s stock worth $1,117,270,000 after buying an additional 6,969,110 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Procter & Gamble by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after buying an additional 3,189,111 shares during the period. Invesco Ltd. boosted its holdings in Procter & Gamble by 21.4% in the second quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock valued at $2,608,785,000 after acquiring an additional 2,880,895 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Procter & Gamble by 66.3% during the second quarter. Lazard Asset Management LLC now owns 5,504,749 shares of the company’s stock valued at $877,014,000 after acquiring an additional 2,195,560 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Procter & Gamble news, CAO Matthew W. Janzaruk sold 725 shares of the business’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer owned 979 shares in the company, valued at $146,429.03. The trade was a 42.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Pritchard sold 95,903 shares of the business’s stock in a transaction dated 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 directly owned 182,607 shares of the company’s stock, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 96,629 shares of company stock valued at $14,604,323. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PG has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on Procter & Gamble from $158.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the company from $150.00 to $156.00 in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $157.00 to $165.00 in a research report on Friday, January 23rd. Finally, Bank of America reduced their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a report on Wednesday, October 8th. Thirteen equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $167.00.

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Procter & Gamble Price Performance

Shares of NYSE PG opened at $148.49 on Wednesday. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.48. The firm has a market cap 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. The business has a 50 day moving average price of $144.83 and a two-hundred day moving average price of $150.37.

Procter & Gamble (NYSE:PGGet Free Report) last posted 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 for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.10%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 23rd will be given a $1.0568 dividend. The ex-dividend date is Friday, January 23rd. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio (DPR) is presently 62.67%.

About Procter & Gamble

(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

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PGFree Report).

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

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