Curi RMB Capital LLC Sells 7,575 Shares of Procter & Gamble Company (The) $PG

Key Points

• Curi RMB Capital LLC has reduced its stake in Procter & Gamble by 45% to a total of 9,268 shares, valued at approximately $1.58 million.
• Procter & Gamble reported $1.48 EPS for the quarter, exceeding estimates, and had a quarterly revenue of $20.89 billion with a net margin of 18.95%.
• The company recently announced a quarterly dividend of $1.0568 per share, translating to a yield of 2.6%, with a payout ratio of 64.82%.

Curi RMB Capital LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 45.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,268 shares of the company's stock after selling 7,575 shares during the quarter. Curi RMB Capital LLC's holdings in Procter & Gamble were worth $1,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Procter & Gamble during the 4th quarter valued at approximately $31,000. Quarry LP acquired a new stake in shares of Procter & Gamble during the 1st quarter worth approximately $33,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Sunbeam Capital Management LLC acquired a new stake in shares of Procter & Gamble during the 4th quarter worth approximately $34,000. Finally, Mizuho Securities Co. Ltd. grew its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Evercore ISI reaffirmed an "in-line" rating and set a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Finally, Wells Fargo & Company cut their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the sale, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,548,952.23. Following the sale, the insider owned 182,422 shares in the company, valued at $28,689,507.94. The trade was a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is currently owned by insiders.

Procter & Gamble Stock Down 0.6%

NYSE:PG traded down $0.90 during trading hours on Monday, hitting $159.12. 7,175,827 shares of the company traded hands, compared to its average volume of 6,145,017. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $156.41 and its 200-day simple moving average is $162.14. Procter & Gamble Company has a one year low of $149.91 and a one year high of $180.43. The company has a market cap of $372.42 billion, a PE ratio of 24.44, a PEG ratio of 4.22 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period last year, the business earned $1.40 EPS. The business'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. Equities analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date was Friday, July 18th. This represents a $4.23 annualized dividend and a yield of 2.7%. Procter & Gamble's dividend payout ratio (DPR) is 64.82%.

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.