California State Teachers Retirement System Buys 513,330,829 Shares of Procter & Gamble Company (The) $PG

California State Teachers Retirement System increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14,323.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 516,914,798 shares of the company's stock after buying an additional 513,330,829 shares during the quarter. California State Teachers Retirement System owned 22.24% of Procter & Gamble worth $75,800,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Procter & Gamble by 1,000.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 165 shares of the company's stock valued at $25,000 after buying an additional 150 shares during the period. Park Square Financial Group LLC raised its position in shares of Procter & Gamble by 65.1% during the 4th quarter. Park Square Financial Group LLC now owns 180 shares of the company's stock valued at $26,000 after acquiring an additional 71 shares during the last quarter. Evolution Wealth Management Inc. raised its position in shares of Procter & Gamble by 1,315.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 184 shares of the company's stock valued at $26,000 after acquiring an additional 171 shares during the last quarter. Litman Gregory Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $26,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Procter & Gamble in the 2nd quarter worth $26,000. 65.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Procter & Gamble

In related news, CAO Matthew W. Janzaruk sold 359 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc S. Pritchard sold 4,030 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares of the company's stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 6,627 shares of company stock worth $953,417. Insiders own 0.23% of the company's stock.

Procter & Gamble Stock Down 0.1%

Shares of Procter & Gamble stock opened at $146.29 on Monday. The firm has a market cap of $339.78 billion, a PE ratio of 22.10, a P/E/G ratio of 3.64 and a beta of 0.39. The business's 50 day simple moving average is $146.77 and its 200 day simple moving average is $147.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a 52-week low of $137.62 and a 52-week high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $21.38 billion. During the same period last year, the business earned $1.48 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts predict that Procter & Gamble Company will post 6.99 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 24th were given a $1.0885 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 dividend on an annualized basis and a yield of 3.0%. Procter & Gamble's dividend payout ratio (DPR) is 65.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Thursday, July 16th. BMO Capital Markets raised their target price on Procter & Gamble from $169.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, June 29th. HSBC restated a "hold" rating and set a $149.00 target price (down from $182.00) on shares of Procter & Gamble in a research report on Thursday, July 30th. Jefferies Financial Group increased their price target on shares of Procter & Gamble from $177.00 to $179.00 and gave the company a "buy" rating in a research report on Friday, June 26th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $149.00 price objective on shares of Procter & Gamble in a research note on Monday, August 24th. Thirteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $161.19.

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.

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