Washington Trust Bank Cuts Stake in Procter & Gamble Company (The) $PG

Posted by Brian Himes on Sep 1st, 2026

Washington Trust Bank cut its position in Procter & Gamble Company (The) (NYSE:PG – Free Report) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 240,785 shares of the company’s stock after selling 6,788 shares during the quarter. Procter & Gamble accounts for 2.5% of Washington Trust Bank’s portfolio, making the stock its 8th biggest holding. Washington Trust Bank’s holdings in Procter & Gamble were worth $35,309,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Procter & Gamble during the second quarter valued at approximately $27,862,105,000. State Street Corp lifted its holdings in shares of Procter & Gamble by 1.0% in the 4th quarter. State Street Corp now owns 101,618,926 shares of the company’s stock worth $14,563,008,000 after purchasing an additional 984,102 shares in the last quarter. Geode Capital Management LLC grew its position in Procter & Gamble by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 62,647,882 shares of the company’s stock valued at $8,962,689,000 after purchasing an additional 1,974,556 shares during the period. Norges Bank acquired a new stake in Procter & Gamble in the 4th quarter valued at $4,664,783,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Procter & Gamble by 3.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,612,826 shares of the company’s stock valued at $4,243,815,000 after purchasing an additional 1,091,091 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $145.51 on Tuesday. The stock has a fifty day moving average of $147.06 and a 200-day moving average of $148.12. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.47 and a current ratio of 0.68. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The stock has a market cap of $338.23 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 4.43 and a beta of 0.39.

Procter & Gamble (NYSE:PG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%.The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the company posted $1.48 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. Equities research analysts anticipate that Procter & Gamble Company will post 6.98 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 24th were paid a dividend of $1.0885 per share. The ex-dividend date of this dividend was Friday, July 24th. This represents a $4.35 annualized dividend and a yield of 3.0%. Procter & Gamble’s payout ratio is 65.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PG shares. Citigroup dropped their price objective on shares of Procter & Gamble from $181.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Bank of America lowered their target price on shares of Procter & Gamble from $170.00 to $166.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Procter & Gamble in a research report on Wednesday, June 24th. JPMorgan Chase & Co. decreased their price objective on Procter & Gamble from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Finally, Argus downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.19.

Check Out Our Latest Stock Analysis on PG

Trending Headlines about Procter & Gamble

Here are the key news stories impacting Procter & Gamble this week:

Positive Sentiment: Several recent articles identify PG as a leading dividend stock for 2027 and beyond, emphasizing its dependable income, long record of dividend growth and resilience across economic cycles. This supports demand from income-oriented and defensive investors. The Best Dividend Stock for 2027 and Beyond: Procter & Gamble
Positive Sentiment: PG is being presented as an attractive alternative to simply owning the Consumer Staples Select Sector SPDR Fund (XLP), reflecting investor interest in selecting high-quality individual dividend payers with established household brands. These 3 Dividend Stocks Make a Strong Case for Skipping XLP
Neutral Sentiment: The bullish investment case also depends on productivity improvements, new product innovation and robust cash returns. Those factors could help offset modest underlying growth, although PG’s valuation remains relatively rich. Is P&G Stock Worth Buying as Growth Slows and Valuation Stays Rich?
Negative Sentiment: Analysts highlight an estimated 8% fiscal 2027 core EPS headwind from higher input costs, financing expenses, lower non-operating income and unfavorable currency movements. These pressures could limit earnings growth and weigh on the stock’s premium valuation. P&G Fiscal 2027 Outlook Brings an 8% Core EPS Headwind Into Focus
Negative Sentiment: Erste Group Bank issued a bearish forecast for PG’s fiscal 2027 earnings, reinforcing concerns that the company’s near-term fundamentals may not justify its valuation. Erste Group Bank Has Bearish Forecast for PG FY2027 Earnings

Insider Transactions at Procter & Gamble

In other news, CAO Matthew W. Janzaruk sold 359 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $145.24, for a total transaction of $52,141.16. Following the transaction, the chief accounting officer directly owned 1,271 shares in the company, valued at approximately $184,600.04. This represents a 22.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marc S. Pritchard sold 4,030 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $143.79, for a total value of $579,473.70. Following the completion of the sale, the insider owned 187,001 shares of the company’s stock, valued at $26,888,873.79. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 6,627 shares of company stock worth $953,417. 0.20% of the stock is currently owned by corporate insiders.

Procter & Gamble Profile

(Free Report)

Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.