Maryland State Retirement & Pension System Acquires 3,567 Shares of Procter & Gamble Company (The) $PG

Key Points

• The Maryland State Retirement & Pension System increased its holdings in Procter & Gamble Company by 3.2% during the second quarter, now owning 114,016 shares valued at approximately $18.17 million.
• Procter & Gamble Company reported $1.48 earnings per share for the last quarter, exceeding analyst expectations, with a net margin of 18.95% and quarterly revenue of $20.89 billion.
• Current analyst ratings for Procter & Gamble include eleven Buy ratings and nine Hold ratings, with a consensus price target of $172.58.

Maryland State Retirement & Pension System raised its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,016 shares of the company's stock after buying an additional 3,567 shares during the period. Maryland State Retirement & Pension System's holdings in Procter & Gamble were worth $18,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Capital Management Associates Inc lifted its stake in shares of Procter & Gamble by 80.1% in the second quarter. Capital Management Associates Inc now owns 2,952 shares of the company's stock valued at $470,000 after buying an additional 1,313 shares in the last quarter. Dempze Nancy E lifted its stake in shares of Procter & Gamble by 0.9% in the second quarter. Dempze Nancy E now owns 25,301 shares of the company's stock valued at $4,031,000 after buying an additional 218 shares in the last quarter. Massachusetts Wealth Management lifted its position in shares of Procter & Gamble by 1.6% during the second quarter. Massachusetts Wealth Management now owns 10,782 shares of the company's stock valued at $1,718,000 after purchasing an additional 175 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in shares of Procter & Gamble by 14.7% during the second quarter. Clear Creek Financial Management LLC now owns 7,998 shares of the company's stock valued at $1,274,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Dohj LLC lifted its position in shares of Procter & Gamble by 44.1% during the second quarter. Dohj LLC now owns 12,401 shares of the company's stock valued at $2,055,000 after purchasing an additional 3,797 shares in the last quarter. 65.77% of the stock is owned by institutional investors.

Procter & Gamble Stock Performance

NYSE PG opened at $150.67 on Thursday. The company's 50 day moving average is $155.26 and its 200-day moving average is $159.72. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm has a market cap of $352.64 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 4.05 and a beta of 0.36.

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

Analyst Ratings Changes

A number of research firms recently weighed in on PG. Bank of America dropped their price target on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays dropped their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 1st. Berenberg Bank boosted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.58.

Insider Buying and Selling

In other news, insider Balaji Purushothaman sold 490 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $74,592.70. Following the sale, the insider owned 12,616 shares of the company's stock, valued at $1,920,533.68. The trade was a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andre Schulten sold 4,252 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $647,281.96. Following the sale, the chief financial officer directly owned 53,992 shares in the company, valued at $8,219,202.16. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,763 shares of company stock valued at $23,421,279. Corporate insiders own 0.20% of the company's stock.

About Procter & Gamble

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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