Evergreen Capital Management LLC Sells 3,342 Shares of Procter & Gamble Company (The) $PG

Key Points

• Evergreen Capital Management LLC has reduced its stake in Procter & Gamble by 10.3% during the first quarter, now holding 28,974 shares valued at approximately $4.94 million.
• CEO Sundar G. Raman and another CEO, Gary A. Coombe, both sold shares of the company on August 21st, resulting in notable decreases in their holdings.
• Procter & Gamble reported better-than-expected quarterly earnings, with an EPS of $1.48, exceeding analysts' expectations of $1.42.

Evergreen Capital Management LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,974 shares of the company's stock after selling 3,342 shares during the quarter. Evergreen Capital Management LLC's holdings in Procter & Gamble were worth $4,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of PG. Nuveen LLC purchased a new position in shares of Procter & Gamble during the 1st quarter worth $1,954,941,000. GAMMA Investing LLC boosted its stake in shares of Procter & Gamble by 20,758.5% during the 1st quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock worth $1,355,087,000 after acquiring an additional 7,913,335 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Procter & Gamble by 13.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock worth $3,660,737,000 after acquiring an additional 2,466,308 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Procter & Gamble by 19.8% during the 1st quarter. Invesco Ltd. now owns 13,493,604 shares of the company's stock valued at $2,299,580,000 after buying an additional 2,228,151 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Procter & Gamble by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,274,563 shares of the company's stock valued at $2,728,430,000 after buying an additional 2,224,912 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Price Performance

PG stock traded up $1.48 during mid-day trading on Monday, hitting $157.13. The company had a trading volume of 5,317,408 shares, compared to its average volume of 6,537,981. The company has a 50-day moving average price of $156.47 and a 200 day moving average price of $162.40. 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 company has a market capitalization of $368.07 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 4.14 and a beta of 0.36. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43.

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, beating the consensus estimate of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. During the same period in the prior year, the company earned $1.40 EPS. The business's revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on PG. BNP Paribas restated an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research note on Friday, August 15th. UBS Group set a $180.00 target price on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and set a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Piper Sandler lifted their target price on shares of Procter & Gamble from $160.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company lowered their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Insider Buying and Selling

In other Procter & Gamble news, CEO Ma. Fatima Francisco sold 9,100 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,431,157.00. Following the transaction, the chief executive officer directly owned 27,295 shares in the company, valued at $4,292,684.65. This represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer owned 34,978 shares in the company, valued at $5,532,120.48. This represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 over the last three months. 0.18% of the stock is currently owned by company insiders.

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.