Procter & Gamble Company (The) $PG Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments reduced its stake in Procter & Gamble by 18.9%, owning 248,428 shares worth approximately $40 million after selling 57,821 shares in Q2.
• Procter & Gamble recently announced a quarterly dividend of $1.0568, payable on November 17th, with a yield of 2.9% based on its annualized dividend of $4.23.
• Wall Street analysts maintain a mostly positive outlook on Procter & Gamble, with an average target price of $172.21 and a consensus rating of "Moderate Buy."

Allspring Global Investments Holdings LLC lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 18.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,428 shares of the company's stock after selling 57,821 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Procter & Gamble were worth $40,052,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stableford Capital II LLC increased its position in Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after acquiring an additional 61 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Procter & Gamble by 2.3% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after purchasing an additional 63 shares during the period. Private Management Group Inc. increased its stake in Procter & Gamble by 4.8% in the first quarter. Private Management Group Inc. now owns 1,384 shares of the company's stock valued at $236,000 after purchasing an additional 64 shares in the last quarter. Lantz Financial LLC lifted its holdings in Procter & Gamble by 1.2% during the second quarter. Lantz Financial LLC now owns 5,237 shares of the company's stock worth $834,000 after acquiring an additional 64 shares in the last quarter. Finally, Orca Investment Management LLC lifted its holdings in shares of Procter & Gamble by 2.0% during the 2nd quarter. Orca Investment Management LLC now owns 3,238 shares of the company's stock valued at $516,000 after purchasing an additional 64 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PG shares. BNP Paribas restated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. JPMorgan Chase & Co. lowered their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a report on Friday, October 10th. Barclays reduced their price objective on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company lowered their target price on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Finally, BNP Paribas Exane reduced their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research note on Tuesday, September 23rd. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.21.

Procter & Gamble Trading Down 1.1%

Shares of NYSE:PG opened at $147.45 on Thursday. The business's 50 day simple moving average is $155.04 and its 200 day simple moving average is $159.12. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market capitalization of $345.11 billion, a P/E ratio of 22.65, a P/E/G ratio of 3.96 and a beta of 0.36.

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

Procter & Gamble Announces Dividend

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

Insider Activity at Procter & Gamble

In other news, CFO Andre Schulten sold 4,252 shares of Procter & Gamble stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $647,281.96. Following the transaction, the chief financial officer owned 53,992 shares in the company, valued at approximately $8,219,202.16. This trade represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was 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 approximately $1,920,533.68. This represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock worth $23,421,279 in the last 90 days. Corporate 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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