State Board of Administration of Florida Retirement System Trims Position in Procter & Gamble Company (The) $PG

State Board of Administration of Florida Retirement System trimmed its position in Procter & Gamble Company (The) (NYSE:PG) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,240,297 shares of the company’s stock after selling 34,032 shares during the quarter. Procter & Gamble makes up approximately 0.6% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 19th biggest holding. State Board of Administration of Florida Retirement System owned approximately 0.10% of Procter & Gamble worth $356,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in shares of Procter & Gamble in the first quarter worth $26,000. Signature Resources Capital Management LLC increased its stake in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP purchased a new stake in shares of Procter & Gamble in the 1st quarter valued at about $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Procter & Gamble during the second quarter worth about $34,000. Finally, RMG Wealth Management LLC purchased a new stake in Procter & Gamble in the second quarter valued at approximately $37,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $149.57, for a total value of $108,438.25. Following the sale, the chief accounting officer directly owned 979 shares in the company, valued at approximately $146,429.03. This trade represents a 42.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan Street Whaley sold 2,408 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $366,569.84. Following the transaction, the insider directly owned 31,770 shares in the company, valued at $4,836,347.10. This trade represents a 7.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 31,308 shares of company stock worth $4,768,692. Insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

NYSE:PG opened at $148.36 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.51 and a current ratio of 0.71. Procter & Gamble Company has a fifty-two week low of $144.09 and a fifty-two week high of $180.43. The firm has a market cap of $346.68 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The business has a 50 day moving average price of $150.12 and a 200-day moving average price of $155.91.

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

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 24th were given a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. Procter & Gamble’s dividend payout ratio is presently 61.61%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BNP Paribas restated an “outperform” rating and set a $177.00 price objective on shares of Procter & Gamble in a research report on Friday, August 15th. Morgan Stanley set a $175.00 price objective on Procter & Gamble in a research report on Monday, October 27th. UBS Group cut their target price on Procter & Gamble from $180.00 to $176.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. Barclays decreased their price target on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Finally, Berenberg Bank upped their price objective on shares of Procter & Gamble from $152.00 to $154.00 and gave the company a “hold” rating in a research note on Wednesday, September 17th. Twelve analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.53.

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.