Retirement Systems of Alabama Sells 16,371 Shares of Procter & Gamble Company (The) $PG

Key Points

• Retirement Systems of Alabama reduced its Procter & Gamble stake by 2.4%, selling 16,371 shares in the third quarter; it retained 675,781 shares valued at about $98.2 million.
• Procter & Gamble reported quarterly earnings of $2.00 per share, beating the $1.89 consensus, while revenue rose 4% year over year to $23.28 billion.
• The company announced a quarterly dividend of $1.0885 per share, equivalent to an annualized $4.35 and a yield of about 2.6%. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $170.57.

Retirement Systems of Alabama trimmed its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 675,781 shares of the company's stock after selling 16,371 shares during the quarter. Retirement Systems of Alabama's holdings in Procter & Gamble were worth $98,177,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Procter & Gamble during the second quarter valued at about $27,862,105,000. State Street Corp increased its position in shares of Procter & Gamble by 1.0% during the second quarter. State Street Corp now owns 102,216,308 shares of the company's stock worth $14,988,999,000 after buying an additional 965,461 shares during the period. Bank of America Corp DE acquired a new stake in shares of Procter & Gamble during the second quarter worth $3,850,628,000. Bank of New York Mellon Corp bought a new position in Procter & Gamble during the second quarter worth $2,281,505,000. Finally, Dimensional Fund Advisors LP raised its stake in Procter & Gamble by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 11,797,916 shares of the company's stock worth $1,704,182,000 after buying an additional 300,280 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: PG’s Beauty business delivered 5% organic sales growth in fiscal Q1 2027, supported by Pantene and SK-II, as innovation and stronger brand execution helped demand. Continued momentum could support company growth, though the article questions whether it will be enough to lift results overall. Article: Is Procter & Gamble's Beauty Momentum Enough to Lift Growth?
• Positive Sentiment: Coverage highlights PG’s 70-year record of dividend increases and its quarterly payout of $1.0885 per share (about a 2.7% yield), which may appeal to income investors. These articles emphasize the dividend’s history rather than announcing a new increase. Article: Procter & Gamble's Dividend Has Survived 26 Recessions
• Neutral Sentiment: The National Advertising Division found Unilever had support for the challenged moisturizing claims on Dove body wash in a challenge brought by P&G. This is a limited competitive setback, with no direct financial impact reported. Article: National Advertising Division Found Unilever’s Dove Deep Moisture Body Wash Claims Supported
• Negative Sentiment: CEO Juliana Mont Santos sold 5,370 shares and CFO Andre Schulten sold 30,677 shares at $169 on Nov. 5. Both retained substantial holdings, but the sales—and the reported reductions in their positions—could weigh on sentiment. SEC filing
• Negative Sentiment: A separate report says Zacks Research expects weaker earnings, a potential concern for investors; the provided coverage does not specify the forecast or its assumptions. Article: Zacks Research Predicts Weaker Earnings for Procter & Gamble

Procter & Gamble Price Performance

PG stock opened at $168.17 on Tuesday. The stock has a market capitalization of $389.77 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 4.11 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $137.62 and a 1 year high of $170.52. The company's 50-day moving average is $152.49 and its 200-day moving average is $149.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.72 and a quick ratio of 0.53.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.11. Procter & Gamble had a return on equity of 31.02% and a net margin of 18.23%. The company had revenue of $23.28 billion for the quarter, compared to analyst estimates of $22.80 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. Procter & Gamble's revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts expect that Procter & Gamble Company will post 6.99 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 23rd will be issued a $1.0885 dividend. This represents a $4.35 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 23rd. Procter & Gamble's dividend payout ratio (DPR) is currently 65.51%.

Insider Buying and Selling at Procter & Gamble

In other news, CEO Shailesh Jejurikar sold 35,000 shares of the company's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $163.09, for a total value of $5,708,150.00. Following the completion of the transaction, the chief executive officer directly owned 55,391 shares of the company's stock, valued at $9,033,718.19. This represents a 38.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew W. Janzaruk sold 9,479 shares of the firm's stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $163.00, for a total value of $1,545,077.00. Following the sale, the chief accounting officer directly owned 1,271 shares of the company's stock, valued at approximately $207,173. This represents a 88.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 197,756 shares of company stock worth $32,336,001. 0.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on PG. Argus cut shares of Procter & Gamble from a "buy" rating to a "hold" rating in a research report on Friday, August 7th. Piper Sandler lifted their price objective on Procter & Gamble from $145.00 to $167.00 and gave the stock a "neutral" rating in a research report on Monday, October 26th. BNP Paribas Exane lifted their price objective on Procter & Gamble from $177.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, October 23rd. Wells Fargo & Company boosted their price objective on Procter & Gamble from $164.00 to $180.00 and gave the company an "overweight" rating in a research note on Friday, October 23rd. Finally, Evercore upgraded Procter & Gamble from an "in-line" rating to an "outperform" rating and set a $166.00 target price on the stock in a research report on Tuesday, October 6th. Fifteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $170.57.

Procter & Gamble Profile

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