Insider Selling: Procter & Gamble (NYSE:PG) Insider Sells 606 Shares of Stock

Procter & Gamble Company (The) (NYSE:PG) insider Balaji Purushothaman sold 606 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $95,305.62. Following the completion of the transaction, the insider directly owned 13,106 shares in the company, valued at approximately $2,061,180.62. This represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Procter & Gamble Stock Down 0.5%

PG stock opened at $158.7040 on Friday. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two week high of $180.43. The business’s 50-day moving average is $156.82 and its two-hundred day moving average is $163.04. 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 company has a market cap of $371.74 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 4.21 and a beta of 0.37.

Procter & Gamble (NYSE:PG) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. Procter & Gamble’s 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. As a group, analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Institutional Trading of Procter & Gamble

Several institutional investors have recently made changes to their positions in PG. Brighton Jones LLC grew its position in shares of Procter & Gamble by 51.5% during the fourth 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. Bank Pictet & Cie Europe AG grew its position in shares of Procter & Gamble by 493.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 341,750 shares of the company’s stock worth $57,294,000 after purchasing an additional 284,174 shares in the last quarter. Harvest Investment Services LLC grew its position in shares of Procter & Gamble by 23.3% during the fourth quarter. Harvest Investment Services LLC now owns 6,399 shares of the company’s stock worth $1,073,000 after purchasing an additional 1,211 shares in the last quarter. Alta Advisers Ltd grew its position in shares of Procter & Gamble by 18.8% during the fourth quarter. Alta Advisers Ltd now owns 7,868 shares of the company’s stock worth $1,319,000 after purchasing an additional 1,246 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in Procter & Gamble by 10.9% during the fourth quarter. MGO One Seven LLC now owns 89,555 shares of the company’s stock valued at $15,014,000 after buying an additional 8,787 shares during the last quarter. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Wall Street Analyst Weigh In

PG has been the topic of a number of recent research reports. Truist Financial lowered their target price on Procter & Gamble from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Raymond James Financial reduced their price target on Procter & Gamble from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. restated 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. Citigroup reduced their price target on Procter & Gamble from $200.00 to $181.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Redburn Partners set a $161.00 price target on Procter & Gamble in a research report on Thursday, May 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $175.94.

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.