New York State Common Retirement Fund Lowers Stock Position in The Procter & Gamble Company (NYSE:PG)

New York State Common Retirement Fund lessened its stake in The Procter & Gamble Company (NYSE:PG) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,320,324 shares of the company’s stock after selling 176,718 shares during the quarter. Procter & Gamble makes up about 0.8% of New York State Common Retirement Fund’s portfolio, making the stock its 16th biggest holding. New York State Common Retirement Fund owned 0.14% of Procter & Gamble worth $575,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC grew its stake in shares of Procter & Gamble by 11.2% in the 3rd quarter. Valued Wealth Advisors LLC now owns 605 shares of the company’s stock valued at $105,000 after buying an additional 61 shares during the period. Hills Bank & Trust Co grew its holdings in shares of Procter & Gamble by 2.9% in the third quarter. Hills Bank & Trust Co now owns 117,084 shares of the company’s stock valued at $20,279,000 after purchasing an additional 3,249 shares in the last quarter. Focus Financial Network Inc. increased its position in shares of Procter & Gamble by 12.9% during the third quarter. Focus Financial Network Inc. now owns 26,133 shares of the company’s stock worth $4,526,000 after acquiring an additional 2,990 shares during the period. Principal Securities Inc. boosted its stake in shares of Procter & Gamble by 5.8% in the 3rd quarter. Principal Securities Inc. now owns 28,627 shares of the company’s stock valued at $4,958,000 after buying an additional 1,579 shares during the period. Finally, Norris Perne & French LLP MI grew its position in shares of Procter & Gamble by 58.9% during the third quarter. Norris Perne & French LLP MI now owns 4,744 shares of the company’s stock worth $822,000 after buying an additional 1,759 shares in the last quarter. 65.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PG. Barclays cut Procter & Gamble from an “overweight” rating to an “equal weight” rating and set a $163.00 target price on the stock. in a research report on Monday, September 30th. StockNews.com downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Piper Sandler began coverage on shares of Procter & Gamble in a research note on Tuesday, September 24th. They set a “neutral” rating and a $174.00 price target for the company. Finally, TD Cowen assumed coverage on shares of Procter & Gamble in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $189.00 price objective on the stock. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $177.00.

Procter & Gamble Trading Up 0.5 %

NYSE PG traded up $0.83 during mid-day trading on Friday, hitting $166.01. The company’s stock had a trading volume of 366,298 shares, compared to its average volume of 6,622,365. The firm has a market capitalization of $390.96 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 3.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.75 and a quick ratio of 0.55. The Procter & Gamble Company has a 52-week low of $142.50 and a 52-week high of $177.94. The stock’s fifty day simple moving average is $171.70 and its two-hundred day simple moving average is $167.84.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 18th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $21.74 billion during the quarter, compared to the consensus estimate of $21.99 billion. Procter & Gamble had a net margin of 17.07% and a return on equity of 33.25%. Procter & Gamble’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned $1.83 earnings per share. Research analysts expect that The Procter & Gamble Company will post 6.94 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 18th will be paid a dividend of $1.0065 per share. This represents a $4.03 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, October 18th. Procter & Gamble’s dividend payout ratio (DPR) is currently 69.48%.

Insider Transactions at Procter & Gamble

In other news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $169.22, for a total value of $76,149.00. Following the sale, the insider now owns 13,072 shares in the company, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Susan Street Whaley sold 450 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $169.22, for a total transaction of $76,149.00. Following the sale, the insider now directly owns 13,072 shares of the company’s stock, valued at approximately $2,212,043.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ma. Fatima Francisco sold 96,000 shares of Procter & Gamble stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $170.00, for a total transaction of $16,320,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,721 shares of the company’s stock, valued at approximately $2,332,570. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 389,144 shares of company stock valued at $66,184,385. 0.18% of the stock is currently owned by corporate insiders.

About Procter & Gamble

The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.