New York State Common Retirement Fund Sells 67,771 Shares of Procter & Gamble Company (The) $PG

New York State Common Retirement Fund cut its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.3% in the third quarter, Holdings Channel reports. The institutional investor owned 2,870,807 shares of the company’s stock after selling 67,771 shares during the period. Procter & Gamble comprises 0.6% of New York State Common Retirement Fund’s portfolio, making the stock its 24th biggest holding. New York State Common Retirement Fund’s holdings in Procter & Gamble were worth $441,099,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Procter & Gamble by 1.4% during the second quarter. Vanguard Group Inc. now owns 233,211,283 shares of the company’s stock worth $37,155,222,000 after purchasing an additional 3,189,111 shares during the period. Geode Capital Management LLC increased its stake in Procter & Gamble by 1.8% in the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after acquiring an additional 1,060,713 shares during the last quarter. Norges Bank bought a new position in Procter & Gamble in the second quarter valued at about $5,099,644,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Procter & Gamble by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock worth $2,770,035,000 after purchasing an additional 294,673 shares during the period. Finally, Invesco Ltd. raised its position in Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after purchasing an additional 2,880,895 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. BNP Paribas Exane reduced their target price on Procter & Gamble from $172.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a report on Monday, October 27th. Bank of America decreased their target price 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. TD Cowen downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating and lifted their price target for the company from $150.00 to $156.00 in a research report on Tuesday. Finally, Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Thirteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $167.00.

Procter & Gamble Stock Down 0.6%

Shares of NYSE PG opened at $147.45 on Thursday. Procter & Gamble Company has a one year low of $137.62 and a one year high of $179.99. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51. The firm’s 50 day simple moving average is $144.84 and its two-hundred day simple moving average is $150.35. The stock has a market capitalization of $342.68 billion, a P/E ratio of 21.84, a PEG ratio of 4.93 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. The firm had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd will be issued a $1.0568 dividend. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.9%. Procter & Gamble’s dividend payout ratio is currently 62.67%.

Insider Buying and Selling at Procter & Gamble

In related news, insider Marc S. Pritchard sold 95,903 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $151.15, for a total transaction of $14,495,738.45. Following the completion of the transaction, the insider owned 182,607 shares in the company, valued at approximately $27,601,048.05. This represents a 34.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by insiders.

Procter & Gamble Company Profile

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.