Norway Savings Bank Trims Stock Holdings in Procter & Gamble Company (The) $PG

Norway Savings Bank trimmed its holdings in Procter & Gamble Company (The) (NYSE:PG) by 3.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 19,248 shares of the company’s stock after selling 653 shares during the period. Procter & Gamble comprises approximately 1.6% of Norway Savings Bank’s portfolio, making the stock its 19th largest holding. Norway Savings Bank’s holdings in Procter & Gamble were worth $3,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of PG. Nuveen LLC purchased a new stake in shares of Procter & Gamble in the first quarter worth approximately $1,954,941,000. GAMMA Investing LLC boosted its position in Procter & Gamble by 20,758.5% in the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company’s stock valued at $1,355,087,000 after buying an additional 7,913,335 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Procter & Gamble by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company’s stock valued at $3,660,737,000 after buying an additional 2,466,308 shares during the period. Invesco Ltd. boosted its position in Procter & Gamble by 19.8% in the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company’s stock valued at $2,299,580,000 after buying an additional 2,228,151 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Procter & Gamble by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company’s stock valued at $2,728,430,000 after buying an additional 2,224,912 shares during the period. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PG. Wells Fargo & Company decreased their target price on Procter & Gamble from $175.00 to $173.00 and set an “overweight” rating for the company in a research 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 research report on Monday, July 14th. BNP Paribas reaffirmed an “outperform” rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $175.12.

Procter & Gamble Price Performance

NYSE PG opened at $158.02 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The firm’s 50 day moving average price is $156.21 and its 200-day moving average price is $161.90. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a market cap of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.19 and a beta of 0.36.

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

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, July 18th were issued a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.7%. Procter & Gamble’s payout ratio is 64.98%.

Insider Activity

In other news, CEO Ma. Fatima Francisco sold 9,100 shares of the business’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 $1,431,157.00. Following the sale, the chief executive officer directly owned 27,295 shares of the company’s stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the sale, the chief executive officer directly owned 34,978 shares in the company, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,181 shares of company stock valued at $18,918,012. 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.