Teacher Retirement System of Texas Has $119.85 Million Stock Holdings in Procter & Gamble Company (The) $PG

Teacher Retirement System of Texas lessened its stake in Procter & Gamble Company (The) (NYSE:PG) by 5.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 752,240 shares of the company’s stock after selling 41,489 shares during the quarter. Procter & Gamble accounts for about 0.5% of Teacher Retirement System of Texas’ holdings, making the stock its 25th biggest position. Teacher Retirement System of Texas’ holdings in Procter & Gamble were worth $119,847,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new position in Procter & Gamble in the 1st quarter valued at approximately $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 valued at $28,000 after buying an additional 72 shares during the period. Quarry LP acquired a new position in Procter & Gamble in the 1st quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Procter & Gamble Price Performance

NYSE PG opened at $152.62 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $154.66 and a 200 day simple moving average of $158.38. The company has a market cap of $357.21 billion, a P/E ratio of 22.28, a P/E/G ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.09. The business had revenue of $22.39 billion during 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 32.51%. Procter & Gamble’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, sell-side analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be issued a $1.0568 dividend. The ex-dividend date of this dividend is 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 64.98%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the completion of the sale, the chief executive officer directly owned 319,932 shares of the company’s stock, valued at $48,703,248.36. This represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Shailesh Jejurikar sold 3,986 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total transaction of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares of the company’s stock, valued at approximately $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Evercore ISI restated an “in-line” rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. JPMorgan Chase & Co. dropped their price target on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Berenberg Bank increased their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research note on Wednesday, September 17th. Finally, UBS Group dropped their price target on shares of Procter & Gamble from $180.00 to $176.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.68.

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.