Procter & Gamble Company (The) $PG Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of Procter & Gamble Company (The) (NYSE:PG) by 6.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 464,560 shares of the company’s stock after selling 30,988 shares during the quarter. Procter & Gamble comprises about 0.6% of Amalgamated Bank’s investment portfolio, making the stock its 21st largest position. Amalgamated Bank’s holdings in Procter & Gamble were worth $74,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PG. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble during the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC raised its stake in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company’s stock valued at $28,000 after buying an additional 72 shares in the last quarter. Quarry LP acquired a new stake in Procter & Gamble during the first quarter valued at approximately $33,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Procter & Gamble during the second quarter valued at approximately $34,000. Finally, RMG Wealth Management LLC acquired a new stake in Procter & Gamble during the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 65.77% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jon R. Moeller sold 40,119 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares of the company’s stock, valued at $50,228,106.25. This represents a 11.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares of the company’s stock, valued at approximately $5,532,120.48. The trade was a 22.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PG. Weiss Ratings reiterated a “hold (c+)” rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. BNP Paribas reiterated an “outperform” rating and set a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 1st. Berenberg Bank increased their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a “hold” rating in a research report on Wednesday, September 17th. Finally, Bank of America dropped their price target on Procter & Gamble from $180.00 to $174.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $171.53.

Procter & Gamble Stock Performance

Shares of PG stock opened at $148.63 on Thursday. Procter & Gamble Company has a 12-month low of $146.96 and a 12-month high of $180.43. The firm has a market capitalization of $347.32 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 3.95 and a beta of 0.36. The business has a 50 day simple moving average of $154.23 and a 200 day simple moving average of $158.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.71 and a quick ratio of 0.51.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.09. Procter & Gamble had a return on equity of 32.63% and a net margin of 19.74%.The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.23 billion. During the same period in the prior year, the company posted $1.93 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.100 EPS. On average, equities research analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 24th will be issued a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble’s dividend payout ratio is 61.75%.

Procter & Gamble 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.