Hemenway Trust Co LLC Sells 6,049 Shares of Procter & Gamble Company (The) $PG

Hemenway Trust Co LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 210,813 shares of the company’s stock after selling 6,049 shares during the period. Procter & Gamble makes up about 2.5% of Hemenway Trust Co LLC’s holdings, making the stock its 16th biggest position. Hemenway Trust Co LLC’s holdings in Procter & Gamble were worth $32,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PG. Halbert Hargrove Global Advisors LLC bought a new stake in Procter & Gamble during the third quarter worth about $25,000. Corundum Trust Company INC purchased a new position in shares of Procter & Gamble during the 3rd quarter valued at about $32,000. Marquette Asset Management LLC bought a new stake in Procter & Gamble in the 3rd quarter worth approximately $37,000. Redmont Wealth Advisors LLC purchased a new stake in Procter & Gamble in the third quarter worth approximately $40,000. Finally, Manning & Napier Advisors LLC bought a new position in Procter & Gamble during the third quarter valued at approximately $44,000. Institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $176.00 to $171.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised Procter & Gamble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $157.00 to $165.00 in a research note on Friday, January 23rd. UBS Group raised their price target on Procter & Gamble from $161.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Jefferies Financial Group raised Procter & Gamble from a “hold” rating to a “buy” rating and increased their price objective for the company from $156.00 to $179.00 in a research note on Tuesday, December 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $168.33.

Insiders Place Their Bets

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 15,169 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $162.28, for a total value of $2,461,625.32. Following the sale, the insider owned 44,735 shares in the company, valued at approximately $7,259,595.80. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Balaji Purushothaman sold 12,827 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the transaction, the insider directly owned 12,639 shares of the company’s stock, valued at $2,026,158.09. This represents a 50.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 341,260 shares of company stock valued at $54,256,985 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $156.74 on Thursday. The firm has a market capitalization of $364.27 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 5.30 and a beta of 0.38. The stock has a fifty day moving average of $148.31 and a 200 day moving average of $150.57. Procter & Gamble Company has a 52 week low of $137.62 and a 52 week high of $179.99. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG) last announced its earnings results on Thursday, January 22nd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The firm had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

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

Procter & Gamble Company Profile

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.