Woodstock Corp Cuts Position in Procter & Gamble Company (The) $PG

Key Points

• Woodstock Corp reduced its stake in Procter & Gamble by 3.1%, owning 75,072 shares valued at approximately $11.96 million after selling 2,432 shares in the second quarter.
• Procter & Gamble announced a quarterly dividend of $1.0568, resulting in a 2.7% dividend yield, with a payout ratio of approximately 64.98%.
• Analysts issued mixed ratings for Procter & Gamble, with a target price range between $170.00 and $180.00, leading to an average rating classified as a Moderate Buy.

Woodstock Corp lessened its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,072 shares of the company's stock after selling 2,432 shares during the quarter. Procter & Gamble accounts for 1.1% of Woodstock Corp's investment portfolio, making the stock its 28th largest position. Woodstock Corp's holdings in Procter & Gamble were worth $11,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Lifestyle Asset Management Inc. increased its holdings in shares of Procter & Gamble by 28.3% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,516 shares of the company's stock valued at $242,000 after purchasing an additional 334 shares in the last quarter. Reyes Financial Architecture Inc. increased its holdings in Procter & Gamble by 7.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 3,002 shares of the company's stock valued at $478,000 after acquiring an additional 201 shares in the last quarter. Czech National Bank increased its holdings in Procter & Gamble by 6.4% during the 2nd quarter. Czech National Bank now owns 573,089 shares of the company's stock valued at $91,305,000 after acquiring an additional 34,513 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Procter & Gamble by 40.4% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 110,360 shares of the company's stock valued at $17,572,000 after acquiring an additional 31,740 shares in the last quarter. Finally, Sandy Cove Advisors LLC increased its holdings in Procter & Gamble by 3.2% during the 2nd quarter. Sandy Cove Advisors LLC now owns 4,998 shares of the company's stock valued at $796,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PG shares. 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. BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Evercore ISI restated an "in-line" rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Finally, Wells Fargo & Company lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $175.12.

Procter & Gamble Price Performance

PG opened at $156.93 on Tuesday. The company's 50 day simple moving average is $156.14 and its 200 day simple moving average is $161.65. 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 1 year low of $149.91 and a 1 year high of $180.43. The stock has a market capitalization of $367.30 billion, a PE ratio of 24.11, a P/E/G ratio of 4.17 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the company earned $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. As a group, sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 annualized dividend and a dividend yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is currently 64.98%.

Insiders Place Their Bets

In related news, CEO Jennifer L. Davis sold 8,596 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $10,221,134.57. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar G. Raman sold 9,554 shares of Procter & Gamble stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares in the company, valued at approximately $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. In the last three months, insiders sold 120,181 shares of company stock valued at $18,918,012. 0.20% of the stock is currently owned by corporate insiders.

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.

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