Voya Investment Management LLC Decreases Stock Holdings in Procter & Gamble Company (The) $PG

Voya Investment Management LLC trimmed its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 901,403 shares of the company’s stock after selling 3,290 shares during the period. Voya Investment Management LLC’s holdings in Procter & Gamble were worth $153,617,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PG. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $26,000. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $31,000. Quarry LP purchased a new position in shares of Procter & Gamble during the first quarter valued at approximately $33,000. 10Elms LLP purchased a new position in shares of Procter & Gamble during the fourth quarter valued at approximately $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. 65.77% of the stock is owned by hedge funds and other institutional investors.

Procter & Gamble Stock Performance

Shares of NYSE PG opened at $158.63 on Friday. The firm has a fifty day moving average price of $156.26 and a 200-day moving average price of $162.00. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The stock has a market cap of $371.27 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 4.15 and a beta of 0.36. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The firm had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s dividend payout ratio is currently 64.82%.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. This represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,181 shares of company stock valued at $18,918,012 in the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays set a $164.00 target price on shares of Procter & Gamble and gave the company an “equal weight” rating in a report on Thursday, July 31st. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Evercore ISI reaffirmed an “in-line” rating and set a $170.00 target price (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a “buy” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $175.12.

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.