New York State Teachers Retirement System Has $300.28 Million Stake in Procter & Gamble Company (The) $PG

Key Points

• The New York State Teachers Retirement System reduced its stake in Procter & Gamble by 0.7% in Q2, now owning 1,884,774 shares valued at $300.28 million.
• Procter & Gamble is currently facing mixed analyst ratings; JPMorgan cut its target price to $163.00, while BNP Paribas maintains an outperform rating with a target of $177.00.
• The company recently announced a quarterly dividend of $1.0568 per share, reflecting a 2.9% yield, with the ex-dividend date set for October 24th.

New York State Teachers Retirement System trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,884,774 shares of the company's stock after selling 13,678 shares during the period. Procter & Gamble accounts for 0.6% of New York State Teachers Retirement System's holdings, making the stock its 20th largest position. New York State Teachers Retirement System owned 0.08% of Procter & Gamble worth $300,282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Kingstone Capital Partners Texas LLC raised its position in shares of Procter & Gamble by 655,209.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company's stock valued at $11,832,680,000 after buying an additional 76,017,350 shares in the last quarter. Nuveen LLC acquired a new position in Procter & Gamble during the first quarter valued at approximately $1,954,941,000. Price T Rowe Associates Inc. MD raised its position in Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after purchasing an additional 2,466,308 shares in the last quarter. Invesco Ltd. raised its position in Procter & Gamble by 19.8% during the first quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after purchasing an additional 2,228,151 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in Procter & Gamble by 1,875.5% during the second quarter. Valeo Financial Advisors LLC now owns 1,763,404 shares of the company's stock valued at $280,946,000 after purchasing an additional 1,674,139 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PG has been the subject of several research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research note on Friday, October 10th. Wells Fargo & Company decreased 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. Berenberg Bank boosted their target price on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. Finally, BNP Paribas reaffirmed an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Eleven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $172.21.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $147.45 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a twelve month low of $146.96 and a twelve month high of $180.43. The stock has a market cap of $345.11 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.96 and a beta of 0.36. The company's fifty day moving average is $155.04 and its 200 day moving average is $159.12.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping 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 analysts' expectations of $20.79 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a yield of 2.9%. Procter & Gamble's payout ratio is presently 64.98%.

Insiders Place Their Bets

In related news, COO Shailesh Jejurikar sold 13,039 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the transaction, the insider owned 182,422 shares in the company, valued at approximately $28,689,507.94. The trade was a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock valued at $23,421,279 over the last quarter. Company insiders own 0.20% of the company's stock.

Procter & Gamble 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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