Procter & Gamble Company (The) $PG Shares Sold by Commerce Bank

Commerce Bank reduced its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,427,236 shares of the company's stock after selling 23,908 shares during the period. Procter & Gamble accounts for approximately 0.9% of Commerce Bank's holdings, making the stock its 20th biggest position. Commerce Bank owned approximately 0.06% of Procter & Gamble worth $209,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PG. BlackRock Inc. bought a new stake in Procter & Gamble during the second quarter worth approximately $27,862,105,000. State Street Corp boosted its stake in Procter & Gamble by 1.0% during the 4th quarter. State Street Corp now owns 101,618,926 shares of the company's stock valued at $14,563,008,000 after purchasing an additional 984,102 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Procter & Gamble by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company's stock valued at $8,962,689,000 after purchasing an additional 1,974,556 shares during the period. Norges Bank acquired a new position in shares of Procter & Gamble during the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Procter & Gamble by 3.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company's stock worth $4,243,815,000 after buying an additional 1,091,091 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Marc S. Pritchard sold 4,030 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares of the company's stock, valued at $26,888,873.79. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Matthew W. Janzaruk sold 359 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $145.24, for a total transaction of $52,141.16. Following the sale, the chief accounting officer owned 1,271 shares in the company, valued at $184,600.04. This represents a 22.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,627 shares of company stock worth $953,417 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Procter & Gamble Stock Down 0.3%

Shares of Procter & Gamble stock opened at $145.02 on Thursday. The stock's fifty day moving average is $147.41 and its 200-day moving average is $148.42. The firm has a market capitalization of $337.09 billion, a PE ratio of 21.91, a price-to-earnings-growth ratio of 4.48 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $167.25.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. The business had revenue of $21.20 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $1.48 EPS. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were issued a $1.0885 dividend. This represents a $4.35 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, July 24th. Procter & Gamble's dividend payout ratio (DPR) is presently 65.71%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PG shares. Barclays raised their target price on Procter & Gamble from $146.00 to $152.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $164.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, July 16th. Sanford C. Bernstein restated a "market perform" rating and set a $149.00 price objective on shares of Procter & Gamble in a research report on Monday. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Citigroup dropped their target price on shares of Procter & Gamble from $181.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Thirteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $161.19.

Procter & Gamble Company Profile

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.

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