Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 27,035 Shares of Procter & Gamble Company (The) $PG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 514,324 shares of the company's stock after selling 27,035 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Procter & Gamble were worth $75,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Brighton Jones LLC lifted its holdings in Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after acquiring an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. grew its stake in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Procter & Gamble by 19.8% in the second quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company's stock worth $979,000 after acquiring an additional 1,016 shares in the last quarter. Auxano Advisors LLC increased its holdings in shares of Procter & Gamble by 10.8% in the second quarter. Auxano Advisors LLC now owns 7,315 shares of the company's stock worth $1,165,000 after acquiring an additional 714 shares in the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Procter & Gamble by 2.8% during the second quarter. Schnieders Capital Management LLC. now owns 30,182 shares of the company's stock worth $4,809,000 after purchasing an additional 809 shares during the period. 65.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on PG. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $163.00 price objective on shares of Procter & Gamble in a research report on Monday, April 27th. UBS Group raised their target price on shares of Procter & Gamble from $166.00 to $172.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Wells Fargo & Company lifted their price target on shares of Procter & Gamble from $158.00 to $164.00 and gave the company an "overweight" rating in a research note on Monday, April 27th. Citigroup reduced their price target on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Thursday, July 16th. Thirteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $161.52.

Procter & Gamble Stock Down 1.1%

PG stock opened at $143.03 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a market capitalization of $332.46 billion, a P/E ratio of 21.61, a P/E/G ratio of 4.45 and a beta of 0.39. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The business has a 50-day moving average of $148.13 and a 200-day moving average of $148.85.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $21.38 billion. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.Procter & Gamble's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, sell-side analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source