Flputnam establishes a new position in Procter & Gamble
Flputnam Investment Management Co. disclosed a new stake in Procter & Gamble Company (NYSE: PG), acquiring 86,757 shares in the second quarter at an estimated value of approximately $12,722,000, according to a filing reported on August 21, 2026. The purchase adds Flputnam to the roster of institutional investors that have recently opened or expanded positions in the consumer staples issuer during the quarter.
S&CO Inc. opens a separate second-quarter position
On the same day, S&CO Inc. also reported a brand-new position in Procter & Gamble acquired during the second quarter, buying 20,418 shares at an estimated value of approximately $2,994,000. The disclosure was made via a filing with the Securities and Exchange Commission and was detailed in coverage published August 21, 2026.
Other large holders adjust their stakes
The same round of regulatory filings detailed moves by several other sizable institutional investors in Procter & Gamble. Vanguard Group Inc. lifted its holdings by 1.2% during the fourth quarter, ending the period with 237,459,756 shares valued at about $34,030,358,000 after acquiring an additional 2,829,151 shares. State Street Corp increased its position by 1.0%, Geode Capital Management LLC raised its stake by 3.3%, Norges Bank opened a fresh position worth roughly $4,664,783,000, and Price T Rowe Associates Inc. MD grew its holdings by 3.8% in the most recent quarter cited. Cardano Risk Management B.V. expanded its position by 1,104.8% to 9,521,440 shares, Auto Owners Insurance Co grew its stake by 14,231.0% to 3,549,645 shares, and Amundi lifted its holdings by 26.3% to 10,682,455 shares. Institutional investors collectively own 65.77% of Procter & Gamble's stock.
Analyst ratings and price targets remain mixed
Wall Street coverage cited alongside the filings shows a divided stance on Procter & Gamble. Weiss Ratings reiterated a "hold (c)" rating on June 24, while Royal Bank of Canada reaffirmed an "outperform" view. HSBC reissued a "hold" rating and lowered its price objective to $149.00 from $182.00 on July 30, Bank of America cut its target to $166.00 from $170.00 with a "buy" rating on July 10, TD Cowen lifted its target to $150.00 from $142.00 with a "hold" rating on April 27, and JPMorgan Chase & Co. trimmed its price objective to $162.00 from $164.00 while keeping an "overweight" rating on July 16. Across the analysts surveyed, thirteen rate the shares a Buy and eleven rate them a Hold, leaving a MarketBeat consensus of "Moderate Buy" with an average price target of $161.52.
Trading levels and earnings backdrop
Procter & Gamble shares opened at $143.00 in New York trading on the Friday referenced in the filings, giving the company a market capitalization of about $332.39 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 4.45, and a beta of 0.39. The stock's twelve-month trading range stood between $137.62 and $167.25, with a quick ratio of 0.47, a current ratio of 0.68, and a debt-to-equity ratio of 0.43. The company reported quarterly earnings per share of $1.43, modestly above estimates, on revenue of $21.20 billion, up 1.5% year over year, while paying an annualized dividend of $4.35 per share for a yield of roughly 3.0%.
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