Beech Hill Advisors Inc. Reduces Stock Position in Procter & Gamble Company (The) $PG

Key Points

• Beech Hill Advisors Inc. reduced its stake in Procter & Gamble by 17.8%, selling 3,161 shares during the second quarter, leaving them with 14,628 shares valued at approximately $2.33 million.
• Insider selling was notable, with CEO Gary A. Coombe and COO Shailesh Jejurikar selling significant amounts of stock, resulting in a 22.57% and 31.74% decrease in their respective holdings.
• Procter & Gamble reported a revenue increase of 1.7% year-over-year and exceeded earnings per share estimates, prompting analysts to adjust future price targets, generally lowering them to around $170.00.

Beech Hill Advisors Inc. decreased its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 17.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,628 shares of the company's stock after selling 3,161 shares during the quarter. Beech Hill Advisors Inc.'s holdings in Procter & Gamble were worth $2,331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dupree Financial Group LLC raised its stake in Procter & Gamble by 27.8% during the second quarter. Dupree Financial Group LLC now owns 4,220 shares of the company's stock worth $672,000 after purchasing an additional 918 shares during the period. Fiduciary Family Office LLC increased its stake in Procter & Gamble by 2.2% during the second quarter. Fiduciary Family Office LLC now owns 8,319 shares of the company's stock worth $1,325,000 after acquiring an additional 181 shares during the last quarter. IMG Wealth Management Inc. grew its holdings in shares of Procter & Gamble by 41.8% during the 2nd quarter. IMG Wealth Management Inc. now owns 722 shares of the company's stock worth $115,000 after purchasing an additional 213 shares during the period. Advantage Trust Co increased its position in shares of Procter & Gamble by 556.0% during the 2nd quarter. Advantage Trust Co now owns 492 shares of the company's stock worth $78,000 after purchasing an additional 417 shares during the last quarter. Finally, DecisionMap Wealth Management LLC raised its stake in shares of Procter & Gamble by 49.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 9,155 shares of the company's stock valued at $1,459,000 after acquiring an additional 3,019 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the sale, the chief executive officer directly owned 34,978 shares of the company's stock, valued at $5,532,120.48. This represents a 22.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the transaction, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. This trade represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 149,763 shares of company stock valued at $23,421,279. Insiders own 0.20% of the company's stock.

Procter & Gamble Trading Up 0.4%

PG opened at $151.98 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 52 week low of $146.96 and a 52 week high of $180.43. The business's 50 day moving average is $154.86 and its two-hundred day moving average is $158.59. The firm has a market cap of $355.72 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 4.02 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a dividend of $1.0568 per share. The ex-dividend date is Friday, October 24th. This represents a $4.23 annualized dividend and a dividend yield of 2.8%. Procter & Gamble's dividend payout ratio is 64.82%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PG. Wells Fargo & Company decreased their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Bank of America reduced 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. Berenberg Bank boosted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. UBS Group reduced their target price on shares of Procter & Gamble from $180.00 to $176.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Finally, Evercore ISI reiterated an "in-line" rating and set a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Eleven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $171.68.

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.

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