Boston Common Asset Management LLC Lowers Holdings in Procter & Gamble Company (The) $PG

Boston Common Asset Management LLC trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 21.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 127,284 shares of the company’s stock after selling 34,040 shares during the period. Boston Common Asset Management LLC’s holdings in Procter & Gamble were worth $20,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC boosted its position in shares of Procter & Gamble by 655,209.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 76,028,952 shares of the company’s stock worth $11,832,680,000 after buying an additional 76,017,350 shares during the period. Northern Trust Corp boosted its position in shares of Procter & Gamble by 0.8% during the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company’s stock worth $5,051,930,000 after buying an additional 248,792 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Procter & Gamble by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock worth $3,660,737,000 after buying an additional 2,466,308 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company’s stock worth $2,966,252,000 after buying an additional 583,629 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Procter & Gamble by 6.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,293,428 shares of the company’s stock valued at $2,947,146,000 after purchasing an additional 1,018,865 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Susan Street Whaley sold 1,000 shares of the business’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $156.84, for a total value of $156,840.00. Following the completion of the sale, the insider directly owned 28,436 shares of the company’s stock, valued at approximately $4,459,902.24. The trade was a 3.40% 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 Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at $5,532,120.48. The trade was a 22.57% 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 worth $18,918,012. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Up 0.1%

Procter & Gamble stock opened at $152.19 on Friday. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market cap of $356.20 billion, a PE ratio of 23.38, a P/E/G ratio of 4.02 and a beta of 0.36. The stock’s fifty day moving average is $155.51 and its two-hundred day moving average is $160.00.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating 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 company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.79 billion. During the same period last year, the firm earned $1.40 earnings per share. Procter & Gamble’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, sell-side 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 was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a $1.0568 dividend. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble’s payout ratio is presently 64.98%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays decreased their target price on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a report on Wednesday. Berenberg Bank lifted their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a report on Wednesday, September 17th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a report on Saturday, September 27th. Finally, Wells Fargo & Company decreased their target price on Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday, September 25th. Eleven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.11.

Procter & Gamble 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.