Procter & Gamble Company (The) $PG Shares Sold by State of Wyoming

Key Points

• The State of Wyoming reduced its holdings in Procter & Gamble by 60.5% in Q1, now owning 1,514 shares valued at $258,000.
• Procter & Gamble reported a quarterly EPS of $1.48, exceeding estimates, with revenue of $20.89 billion up 1.7% year-over-year.
• The company recently announced a quarterly dividend of $1.0568, resulting in an annualized yield of 2.7% and a payout ratio of 64.98%.

State of Wyoming lessened its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 60.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,514 shares of the company's stock after selling 2,315 shares during the period. State of Wyoming's holdings in Procter & Gamble were worth $258,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PG. Capital A Wealth Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $31,000. 10Elms LLP purchased a new position in Procter & Gamble during the 4th quarter valued at about $34,000. Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the 4th quarter valued at about $34,000. Mizuho Securities Co. Ltd. lifted its position in Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after acquiring an additional 170 shares during the period. Finally, Quest 10 Wealth Builders Inc. raised its holdings in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after buying an additional 82 shares during the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on PG. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Transactions at Procter & Gamble

In related news, insider Susan Street Whaley sold 1,000 shares of the business's 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 sale, the insider directly owned 28,436 shares in the company, valued at approximately $4,459,902.24. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares in the company, valued at $6,624,689.76. This trade represents a 18.57% 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 0.18% of the company's stock.

Procter & Gamble Stock Performance

PG stock traded up $0.89 during trading on Friday, reaching $160.08. The company had a trading volume of 6,435,480 shares, compared to its average volume of 6,113,774. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market cap of $374.65 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 4.20 and a beta of 0.36. The firm has a 50-day simple moving average of $156.41 and a 200-day simple moving average of $162.28.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion during 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 for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.6%. Procter & Gamble's payout ratio is presently 64.98%.

Procter & Gamble Company 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.