Hemenway Trust Co LLC Cuts Stake in Procter & Gamble Company (The) $PG

Hemenway Trust Co LLC cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 2.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 210,813 shares of the company’s stock after selling 6,049 shares during the period. Procter & Gamble comprises about 2.5% of Hemenway Trust Co LLC’s holdings, making the stock its 16th largest position. Hemenway Trust Co LLC’s holdings in Procter & Gamble were worth $32,391,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Procter & Gamble by 51.5% in the 4th quarter. Brighton Jones LLC now owns 40,068 shares of the company’s stock worth $6,717,000 after purchasing an additional 13,617 shares in the last quarter. Taylor Financial Group Inc. boosted its position in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company’s stock valued at $493,000 after buying an additional 277 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Procter & Gamble by 19.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,144 shares of the company’s stock worth $979,000 after buying an additional 1,016 shares in the last quarter. Auxano Advisors LLC lifted its stake in Procter & Gamble by 10.8% during the 2nd quarter. Auxano Advisors LLC now owns 7,315 shares of the company’s stock valued at $1,165,000 after acquiring an additional 714 shares during the period. Finally, Sendero Wealth Management LLC grew its stake in shares of Procter & Gamble by 0.6% in the second quarter. Sendero Wealth Management LLC now owns 15,517 shares of the company’s stock worth $2,472,000 after acquiring an additional 94 shares during the period. 65.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Moses Victor Javier Aguilar sold 15,169 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $162.28, for a total value of $2,461,625.32. Following the transaction, the insider directly owned 44,735 shares in the company, valued at $7,259,595.80. The trade was a 25.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 36,093 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $162.33, for a total value of $5,858,976.69. Following the sale, the chief executive officer owned 34,994 shares of the company’s stock, valued at $5,680,576.02. This represents a 50.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 341,260 shares of company stock valued at $54,256,985. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PG. Jefferies Financial Group upgraded shares of 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 report on Tuesday, December 16th. Rothschild & Co Redburn lifted their price objective on Procter & Gamble from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Wells Fargo & Company reissued an “overweight” rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Tuesday. Erste Group Bank raised Procter & Gamble from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barclays set a $155.00 price target on shares of Procter & Gamble in a research report on Friday, January 16th. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Procter & Gamble currently has an average rating of “Moderate Buy” and a consensus target price of $168.33.

Procter & Gamble Price Performance

NYSE PG opened at $156.74 on Thursday. The business’s fifty day moving average is $148.31 and its 200 day moving average is $150.57. Procter & Gamble Company has a fifty-two week low of $137.62 and a fifty-two week high of $179.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.51 and a current ratio of 0.72. The company has a market capitalization of $364.27 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 5.30 and a beta of 0.38.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. The firm had revenue of $22.21 billion for the quarter, compared to analysts’ expectations of $22.36 billion. Procter & Gamble had a return on equity of 32.21% and a net margin of 19.30%.The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 23rd were issued a dividend of $1.0568 per share. 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 dividend payout ratio (DPR) is currently 62.67%.

Procter & Gamble 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.