Whittier Trust Co. of Nevada Inc. Cuts Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Whittier Trust Co. of Nevada Inc. reduced its Procter & Gamble stake by 8.6%, now holding 138,008 shares valued at approximately $21.99 million.
• CEO Gary A. Coombe and Jon R. Moeller have both sold significant shares, with Coombe selling 10,194 shares and Moeller selling 40,119 shares, both representing notable decreases in their holdings.
• Analysts have mixed views on Procter & Gamble, with Bank of America and UBS lowering price targets, while the stock maintains an average rating of "Moderate Buy" and a consensus price target of $171.68.

Whittier Trust Co. of Nevada Inc. cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,008 shares of the company's stock after selling 12,985 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in Procter & Gamble were worth $21,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Divergent Planning LLC purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $486,000. Liberty One Investment Management LLC increased its position in shares of Procter & Gamble by 4.1% in the second quarter. Liberty One Investment Management LLC now owns 186,420 shares of the company's stock valued at $29,700,000 after buying an additional 7,392 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Procter & Gamble in the second quarter valued at approximately $34,000. Klingman & Associates LLC increased its position in shares of Procter & Gamble by 13.9% in the second quarter. Klingman & Associates LLC now owns 13,801 shares of the company's stock valued at $2,199,000 after buying an additional 1,684 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its position in shares of Procter & Gamble by 0.9% in the second quarter. Pittenger & Anderson Inc. now owns 30,529 shares of the company's stock valued at $4,864,000 after buying an additional 262 shares in the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jon R. Moeller sold 40,119 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This trade represents a 11.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,763 shares of company stock worth $23,421,279. Corporate insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America cut their price objective on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a research report on Wednesday, October 8th. Finally, Berenberg Bank boosted their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.68.

Procter & Gamble Stock Performance

NYSE PG opened at $151.98 on Tuesday. The stock's fifty day moving average is $154.86 and its two-hundred day moving average is $158.59. The firm has a market capitalization of $355.72 billion, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36. 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 Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be paid a dividend of $1.0568 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble's payout ratio is 64.82%.

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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