Vestcor Inc Sells 3,314 Shares of Procter & Gamble Company (The) $PG

Vestcor Inc lowered its position in Procter & Gamble Company (The) (NYSE:PG) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,952 shares of the company’s stock after selling 3,314 shares during the quarter. Procter & Gamble comprises about 0.8% of Vestcor Inc’s portfolio, making the stock its 17th largest position. Vestcor Inc’s holdings in Procter & Gamble were worth $27,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PG. Vanguard Group Inc. lifted its stake in Procter & Gamble by 0.6% in the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company’s stock worth $36,050,992,000 after purchasing an additional 1,419,322 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Procter & Gamble by 1.8% during the second quarter. Geode Capital Management LLC now owns 59,415,933 shares of the company’s stock valued at $9,439,341,000 after buying an additional 1,060,713 shares during the last quarter. Norges Bank bought a new position in shares of Procter & Gamble during the second quarter valued at approximately $5,099,644,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Procter & Gamble by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,385,571 shares of the company’s stock worth $2,770,035,000 after buying an additional 294,673 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Procter & Gamble by 21.4% during the 2nd quarter. Invesco Ltd. now owns 16,374,499 shares of the company’s stock worth $2,608,785,000 after acquiring an additional 2,880,895 shares during the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

PG stock opened at $153.80 on Monday. Procter & Gamble Company has a 1-year low of $137.62 and a 1-year high of $179.99. The business has a 50-day moving average price of $152.35 and a 200 day moving average price of $151.11. The company has a market capitalization of $357.43 billion, a P/E ratio of 22.79, a PEG ratio of 5.13 and a beta of 0.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.72 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The company had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. During the same period in the prior year, the business earned $1.88 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 23rd were paid a $1.0568 dividend. The ex-dividend date of this dividend was Friday, January 23rd. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble’s payout ratio is 62.67%.

Wall Street Analysts Forecast Growth

PG has been the topic of a number of recent analyst reports. Dbs Bank upgraded Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. TD Cowen cut shares of Procter & Gamble from a “buy” rating to a “hold” rating and upped their price target for the stock from $150.00 to $156.00 in a report on Tuesday, January 27th. UBS Group raised their price target on shares of Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised shares of Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $157.00 to $165.00 in a research report on Friday, January 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Tuesday, February 17th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $168.33.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the stock in a transaction on Friday, February 13th. The stock was sold at an average price of $162.28, for a total transaction of $2,461,625.32. Following the sale, the insider owned 44,735 shares of the company’s stock, valued at approximately $7,259,595.80. This trade represents a 25.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Jon R. Moeller sold 162,232 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $162.45, for a total value of $26,354,588.40. Following the completion of the transaction, the chairman directly owned 319,385 shares of the company’s stock, valued at approximately $51,884,093.25. The trade was a 33.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 348,618 shares of company stock valued at $55,462,643 over the last 90 days. Insiders own 0.20% of the company’s stock.

About Procter & Gamble

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.