Police & Firemen s Retirement System of New Jersey Boosts Holdings in Procter & Gamble Company (The) $PG

Police & Firemen s Retirement System of New Jersey grew its stake in Procter & Gamble Company (The) (NYSE:PG) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 356,632 shares of the company’s stock after purchasing an additional 13,203 shares during the period. Procter & Gamble comprises 0.5% of Police & Firemen s Retirement System of New Jersey’s investment portfolio, making the stock its 20th biggest position. Police & Firemen s Retirement System of New Jersey’s holdings in Procter & Gamble were worth $56,819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Procter & Gamble by 51.5% during the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock valued at $6,717,000 after acquiring an additional 13,617 shares during the period. Taylor Financial Group Inc. grew its holdings in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after purchasing an additional 277 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Procter & Gamble by 26.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,444,713 shares of the company’s stock worth $246,208,000 after buying an additional 305,687 shares during the period. PAX Financial Group LLC lifted its position in shares of Procter & Gamble by 23.1% during the 1st quarter. PAX Financial Group LLC now owns 2,761 shares of the company’s stock valued at $471,000 after buying an additional 518 shares in the last quarter. Finally, Parcion Private Wealth LLC grew its stake in Procter & Gamble by 5.0% in the 1st quarter. Parcion Private Wealth LLC now owns 52,757 shares of the company’s stock valued at $8,991,000 after acquiring an additional 2,494 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

PG stock opened at $147.94 on Thursday. Procter & Gamble Company has a 52-week low of $144.09 and a 52-week high of $180.43. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The stock has a market cap of $345.70 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The business has a fifty day moving average of $152.31 and a two-hundred day moving average of $156.77.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Friday, October 24th. The company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same period in the prior year, the business posted $1.93 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be given a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio is currently 61.61%.

Insiders Place Their Bets

In other news, CFO Andre Schulten sold 11,638 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the sale, the chief financial officer owned 52,642 shares of the company’s stock, valued at approximately $8,279,007.34. This represents a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $2,050,643.53. Following the transaction, the chief operating officer directly owned 28,036 shares of the company’s stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 150,489 shares of company stock valued at $23,529,864. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PG shares. Morgan Stanley set a $175.00 price objective on shares of Procter & Gamble in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. Barclays lowered their price objective on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company reduced 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. Finally, BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.53.

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.