Bank of New York Mellon Corp Sells 1,132,550 Shares of Procter & Gamble Company (The) $PG

Bank of New York Mellon Corp reduced its holdings in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,730,802 shares of the company’s stock after selling 1,132,550 shares during the quarter. Procter & Gamble makes up approximately 0.5% of Bank of New York Mellon Corp’s holdings, making the stock its 25th biggest position. Bank of New York Mellon Corp owned approximately 0.76% of Procter & Gamble worth $2,824,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MOKAN Wealth Management Inc. grew its position in Procter & Gamble by 13.7% in the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,319 shares of the company’s stock valued at $2,442,000 after acquiring an additional 1,846 shares during the last quarter. Benjamin Edwards Inc. grew its stake in Procter & Gamble by 120.7% during the 1st quarter. Benjamin Edwards Inc. now owns 364,378 shares of the company’s stock worth $62,098,000 after buying an additional 199,258 shares during the last quarter. Caliber Wealth Management LLC KS grew its position in Procter & Gamble by 36.2% during the 2nd quarter. Caliber Wealth Management LLC KS now owns 17,798 shares of the company’s stock worth $2,836,000 after purchasing an additional 4,730 shares during the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Procter & Gamble by 10.3% in the 1st quarter. Diversify Wealth Management LLC now owns 23,719 shares of the company’s stock valued at $3,849,000 after buying an additional 2,210 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Procter & Gamble in the 2nd quarter valued at $34,684,000. 65.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PG. JPMorgan Chase & Co. raised their price target on shares of Procter & Gamble from $163.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Wells Fargo & Company cut 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research note on Wednesday, October 8th. Dbs Bank upgraded Procter & Gamble to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Evercore ISI reiterated an “in-line” rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.53.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $150.70 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.71 and a debt-to-equity ratio of 0.46. The firm has a 50-day simple moving average of $153.89 and a 200 day simple moving average of $157.77. Procter & Gamble Company has a fifty-two week low of $146.96 and a fifty-two week high of $180.43. The company has a market cap of $352.14 billion, a PE ratio of 22.00, a P/E/G ratio of 3.87 and a beta of 0.36.

Procter & Gamble (NYSE:PG) last issued 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. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.23 billion. During the same period in the previous year, the firm posted $1.93 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, October 24th will be issued a dividend of $1.0568 per share. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, October 24th. Procter & Gamble’s payout ratio is currently 61.61%.

Insider Transactions at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction 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 transaction, the insider directly owned 182,422 shares of the company’s stock, valued at $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Andre Schulten sold 11,638 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,830,308.26. Following the transaction, the chief financial officer directly owned 52,642 shares of the company’s stock, valued at $8,279,007.34. This represents a 18.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 150,488 shares of company stock valued at $23,529,718 in the last ninety days. 0.20% of the stock is currently owned by insiders.

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.