Voya Investment Management LLC Sells 3,290 Shares of Procter & Gamble Company (The) $PG

Key Points

• Voya Investment Management LLC has decreased its holdings in Procter & Gamble by 0.4%, owning 901,403 shares worth approximately $153.6 million after selling 3,290 shares in the first quarter.
• Several hedge funds have increased their positions in Procter & Gamble, including Northern Trust Corp with a 0.8% increase and Price T Rowe Associates Inc. with a 13.0% increase during the same quarter.
• Procter & Gamble recently reported a quarterly earnings per share (EPS) of $1.48, exceeding estimates, and announced a dividend of $1.0568 per share, reflecting a yield of 2.7%.

Voya Investment Management LLC reduced its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 0.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 901,403 shares of the company's stock after selling 3,290 shares during the quarter. Voya Investment Management LLC's holdings in Procter & Gamble were worth $153,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PG. Brighton Jones LLC increased its position in shares of Procter & Gamble by 51.5% in the fourth 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. Bank Pictet & Cie Europe AG increased its holdings in shares of Procter & Gamble by 493.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company's stock worth $57,294,000 after buying an additional 284,174 shares during the last quarter. Triumph Capital Management raised its position in shares of Procter & Gamble by 102.7% during the 4th quarter. Triumph Capital Management now owns 9,400 shares of the company's stock valued at $1,576,000 after buying an additional 4,763 shares in the last quarter. Quadcap Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 192.1% during the 4th quarter. Quadcap Wealth Management LLC now owns 17,589 shares of the company's stock worth $2,949,000 after acquiring an additional 11,568 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Procter & Gamble by 9.5% in the fourth quarter. ProShare Advisors LLC now owns 1,597,983 shares of the company's stock worth $267,902,000 after acquiring an additional 138,863 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Down 0.4%

Shares of Procter & Gamble stock traded down $0.61 during midday trading on Friday, hitting $158.02. The company had a trading volume of 5,956,120 shares, compared to its average volume of 5,974,909. The company has a 50 day moving average of $156.21 and a 200 day moving average of $161.77. The stock has a market capitalization of $369.85 billion, a P/E ratio of 24.27, a P/E/G ratio of 4.17 and a beta of 0.36. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week 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.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the firm posted $1.40 earnings per share. The company's quarterly revenue was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal 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 issued a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PG. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a report on Thursday, July 31st. Evercore ISI restated 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. Finally, BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $175.12.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the completion of the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jennifer L. Davis sold 8,596 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,351,892.92. Following the sale, the chief executive officer directly owned 64,991 shares in the company, valued at $10,221,134.57. This trade represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 over the last ninety days. Corporate insiders own 0.20% of the company's stock.

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.