Flputnam Investment Management Co. Lowers Stock Holdings in Procter & Gamble Company (The) $PG

Key Points

• Flputnam Investment Management Co. reduced its holdings in Procter & Gamble by 5.1%, owning 158,367 shares worth approximately $26,989,000 after selling 8,572 shares in the first quarter.
• Several analysts have adjusted their price targets for Procter & Gamble, with Piper Sandler raising their target to $164.00, while Wells Fargo and Evercore ISI have lowered theirs to $173.00 and $170.00 respectively.
• Procter & Gamble recently declared a quarterly dividend of $1.0568 per share, equating to an annual yield of 2.7%, with a payout ratio of 64.98%.

Flputnam Investment Management Co. decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,367 shares of the company's stock after selling 8,572 shares during the period. Flputnam Investment Management Co.'s holdings in Procter & Gamble were worth $26,989,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PG. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $31,000. Quarry LP purchased a new position in shares of Procter & Gamble in the first quarter worth about $33,000. 10Elms LLP purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $34,000. Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble in the fourth quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. increased its holdings in shares of Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PG. Piper Sandler lifted their price objective on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their price target on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 price target on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Evercore ISI restated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $175.12.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CFO Andre Schulten sold 11,638 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares in the company, valued at approximately $8,279,007.34. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the transaction, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last ninety days. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Stock Performance

Procter & Gamble stock opened at $157.13 on Friday. The stock's 50 day simple moving average is $156.55 and its two-hundred day simple moving average is $162.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The stock has a market cap of $368.07 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 4.14 and a beta of 0.37. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the previous year, the firm posted $1.40 EPS. The business's revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's payout ratio is presently 64.98%.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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