New York State Common Retirement Fund Has $498.94 Million Holdings in Procter & Gamble Company (The) (NYSE:PG)

New York State Common Retirement Fund reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG) by 10.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,927,689 shares of the company’s stock after selling 334,238 shares during the quarter. Procter & Gamble makes up 0.7% of New York State Common Retirement Fund’s holdings, making the stock its 20th largest holding. New York State Common Retirement Fund’s holdings in Procter & Gamble were worth $498,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Procter & Gamble in the 4th quarter valued at $31,000. Hoey Investments Inc. raised its stake in shares of Procter & Gamble by 321.7% in the 4th quarter. Hoey Investments Inc. now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 148 shares in the last quarter. 10Elms LLP bought a new stake in shares of Procter & Gamble in the 4th quarter worth about $34,000. Finally, Mizuho Securities Co. Ltd. grew its holdings in shares of Procter & Gamble by 566.7% in the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company’s stock worth $34,000 after purchasing an additional 170 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $156.95 on Friday. The company has a market capitalization of $367.98 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 4.47 and a beta of 0.40. The firm’s 50 day simple moving average is $161.77 and its 200 day simple moving average is $164.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. Procter & Gamble Company has a fifty-two week low of $155.95 and a fifty-two week high of $180.43.

Procter & Gamble (NYSE:PG) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.01. The business had revenue of $19.78 billion for the quarter, compared to the consensus estimate of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. Procter & Gamble’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company posted $1.52 EPS. As a group, sell-side analysts forecast 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 will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be given a $1.0568 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.69%. Procter & Gamble’s dividend payout ratio is 67.14%.

Analysts Set New Price Targets

PG has been the topic of several analyst reports. Piper Sandler upped their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Bank of America lowered their target price on shares of Procter & Gamble from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Redburn Partners set a $161.00 target price on shares of Procter & Gamble in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their target price on shares of Procter & Gamble from $181.00 to $172.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Evercore ISI reissued an “outperform” rating and set a $190.00 price objective (up previously from $170.00) on shares of Procter & Gamble in a report on Tuesday, June 3rd. Eight investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Procter & Gamble has an average rating of “Moderate Buy” and an average target price of $178.45.

Insider Buying and Selling

In other Procter & Gamble news, insider Moses Victor Javier Aguilar sold 10,520 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $158.67, for a total transaction of $1,669,208.40. Following the sale, the insider directly owned 25,182 shares in the company, valued at approximately $3,995,627.94. This trade represents a 29.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jennifer L. Davis sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total transaction of $161,380.00. Following the sale, the chief executive officer owned 51,965 shares in the company, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Procter & Gamble Company 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.