Procter & Gamble Company (The) $PG Shares Sold by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its stake in Procter & Gamble by 3.4%, now owning 328,469 shares valued at approximately $52.3 million.
• Procter & Gamble reported earnings of $1.48 per share for the last quarter, exceeding expectations and showing a year-over-year revenue increase of 1.7%.
• Recent analyst ratings for Procter & Gamble include a range of target prices, with UBS setting a target of $180.00 and Wells Fargo lowering theirs to $170.00.

State of Alaska Department of Revenue lowered its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 328,469 shares of the company's stock after selling 11,645 shares during the quarter. Procter & Gamble accounts for about 0.6% of State of Alaska Department of Revenue's portfolio, making the stock its 21st biggest holding. State of Alaska Department of Revenue's holdings in Procter & Gamble were worth $52,331,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PG. Brighton Jones LLC boosted its stake in Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock worth $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Two Sigma Investments LP boosted its stake in Procter & Gamble by 2.4% during the 4th quarter. Two Sigma Investments LP now owns 18,133 shares of the company's stock worth $3,040,000 after purchasing an additional 433 shares during the last quarter. First Hawaiian Bank boosted its stake in Procter & Gamble by 11.2% during the 1st quarter. First Hawaiian Bank now owns 9,366 shares of the company's stock worth $1,596,000 after purchasing an additional 940 shares during the last quarter. Versant Capital Management Inc boosted its stake in Procter & Gamble by 92.1% during the 1st quarter. Versant Capital Management Inc now owns 6,617 shares of the company's stock worth $1,128,000 after purchasing an additional 3,173 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its stake in Procter & Gamble by 25.5% during the 1st quarter. Legacy Private Trust Co. now owns 18,577 shares of the company's stock worth $3,166,000 after purchasing an additional 3,776 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

PG has been the topic of several recent research reports. Wells Fargo & Company lowered 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. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Berenberg Bank lifted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Barclays set a $164.00 price target on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Evercore ISI reiterated 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 equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Procter & Gamble currently has an average rating of "Moderate Buy" and an average target price of $173.78.

Procter & Gamble Stock Up 0.2%

Shares of PG opened at $152.44 on Friday. The firm has a market cap of $356.78 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 4.01 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company's 50-day moving average price is $156.00 and its 200 day moving average price is $160.60. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's payout ratio is 64.82%.

Insider Transactions at Procter & Gamble

In related news, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $6,624,689.76. The trade was a 18.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Susan Street Whaley sold 1,000 shares of Procter & Gamble stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $156.84, for a total value of $156,840.00. Following the completion of the transaction, the insider directly owned 28,436 shares of the company's stock, valued at approximately $4,459,902.24. This represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 120,181 shares of company stock worth $18,918,012 in the last 90 days. 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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