State of New Jersey Common Pension Fund D Has $127.14 Million Position in Procter & Gamble Company (The) $PG

State of New Jersey Common Pension Fund D reduced its holdings in Procter & Gamble Company (The) (NYSE:PG) by 0.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 798,006 shares of the company’s stock after selling 1,845 shares during the quarter. Procter & Gamble comprises about 0.5% of State of New Jersey Common Pension Fund D’s investment portfolio, making the stock its 24th biggest position. State of New Jersey Common Pension Fund D’s holdings in Procter & Gamble were worth $127,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Leelyn Smith LLC grew its position in shares of Procter & Gamble by 3.2% in the second quarter. Leelyn Smith LLC now owns 18,243 shares of the company’s stock valued at $2,906,000 after purchasing an additional 559 shares during the last quarter. Allied Investment Advisors LLC grew its position in shares of Procter & Gamble by 1.1% in the second quarter. Allied Investment Advisors LLC now owns 66,623 shares of the company’s stock valued at $10,614,000 after purchasing an additional 725 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in shares of Procter & Gamble by 3.7% in the second quarter. Richards Merrill & Peterson Inc. now owns 9,368 shares of the company’s stock valued at $1,492,000 after buying an additional 332 shares during the period. Sage Mountain Advisors LLC lifted its stake in shares of Procter & Gamble by 12.7% in the second quarter. Sage Mountain Advisors LLC now owns 18,778 shares of the company’s stock valued at $2,992,000 after buying an additional 2,111 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Procter & Gamble by 315.9% in the second quarter. AlphaQuest LLC now owns 5,560 shares of the company’s stock valued at $886,000 after buying an additional 4,223 shares during the period. 65.77% of the stock is owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

NYSE:PG opened at $152.62 on Friday. Procter & Gamble Company has a 1 year low of $146.96 and a 1 year high of $180.43. The firm has a 50 day moving average of $154.66 and a 200-day moving average of $158.41. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $357.21 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 4.04 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last posted its earnings results on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.23 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. Procter & Gamble’s quarterly 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, sell-side analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. The ex-dividend date is Friday, October 24th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. Procter & Gamble’s payout ratio is 64.98%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PG shares. Bank of America reduced their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a “buy” rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. BNP Paribas reiterated an “outperform” rating and issued a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. Barclays reduced their target price on shares of Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Procter & Gamble presently has a consensus rating of “Moderate Buy” and an average target price of $171.68.

Insider Buying and Selling

In other news, CEO Jon R. Moeller sold 40,119 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer owned 319,375 shares in the company, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marc S. Pritchard sold 9,849 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,548,952.23. Following the completion of the sale, the insider directly owned 182,422 shares of the company’s stock, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 149,763 shares of company stock valued at $23,421,279 in the last ninety days. 0.20% of the stock is owned by corporate 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.