TIAA Trust National Association Reduces Holdings in Procter & Gamble Company (The) $PG

TIAA Trust National Association lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 35.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 215,503 shares of the company’s stock after selling 116,268 shares during the quarter. TIAA Trust National Association’s holdings in Procter & Gamble were worth $34,334,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PG. SS&H Financial Advisors Inc. increased its stake in Procter & Gamble by 50.1% during the second quarter. SS&H Financial Advisors Inc. now owns 66,161 shares of the company’s stock worth $10,541,000 after acquiring an additional 22,077 shares during the last quarter. Sumitomo Life Insurance Co. grew its holdings in shares of Procter & Gamble by 0.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 97,754 shares of the company’s stock worth $15,574,000 after purchasing an additional 396 shares during the period. Greater Midwest Financial Group LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $302,000. Kesler Norman & Wride LLC raised its holdings in Procter & Gamble by 0.8% in the 2nd quarter. Kesler Norman & Wride LLC now owns 41,405 shares of the company’s stock valued at $6,598,000 after buying an additional 326 shares during the period. Finally, Summit Investment Advisory Services LLC acquired a new position in Procter & Gamble in the second quarter valued at about $245,000. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $150.70 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51. The company has a market cap of $352.14 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.87 and a beta of 0.36. The stock’s 50-day moving average is $153.89 and its two-hundred day moving average is $157.83. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Friday, October 24th. The company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 32.63% and a net margin of 19.74%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.93 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 24th will be given 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 dividend yield of 2.8%. Procter & Gamble’s dividend payout ratio is currently 61.75%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley set a $175.00 price target on shares of Procter & Gamble in a research note on Monday, October 27th. BNP Paribas Exane dropped their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Barclays decreased their price target on 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. JPMorgan Chase & Co. lifted their price objective on Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Raymond James Financial decreased their target price on Procter & Gamble from $185.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 20th. Twelve analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.53.

Insiders Place Their Bets

In other news, CAO Matthew W. Janzaruk sold 725 shares of Procter & Gamble stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $149.57, for a total transaction of $108,438.25. Following the completion of the sale, the chief accounting officer directly owned 979 shares of the company’s stock, valued at approximately $146,429.03. The trade was a 42.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 150,488 shares of company stock worth $23,529,718. 0.20% of the stock is currently owned by insiders.

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.