Procter & Gamble Company (The) $PG Shares Sold by Evergreen Capital Management LLC

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 cut its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,974 shares of the company's stock after selling 3,342 shares during the period. Evergreen Capital Management LLC's holdings in Procter & Gamble were worth $4,938,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Capital A Wealth Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $31,000. 10Elms LLP purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. Mizuho Securities Co. Ltd. boosted its stake 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 purchasing an additional 170 shares during the period. Sunbeam Capital Management LLC purchased a new position in shares of Procter & Gamble during the 4th quarter worth about $34,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in shares of Procter & Gamble by 50.3% during the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after purchasing an additional 82 shares during the period. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Procter & Gamble Stock Up 0.7%

Shares of PG traded up $1.09 during mid-day trading on Thursday, hitting $159.26. The company's stock had a trading volume of 2,560,033 shares, compared to its average volume of 8,006,592. The company's 50-day moving average is $156.40 and its 200-day moving average is $162.34. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The firm has a market capitalization of $373.06 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 4.14 and a beta of 0.36. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

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. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's dividend payout ratio is presently 64.98%.

Insider Buying and Selling at Procter & Gamble

In other news, insider Marc S. Pritchard sold 9,849 shares of the stock in a transaction on Tuesday, August 19th. The shares were 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. This represents a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the 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 completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,181 shares of company stock worth $18,918,012 in the last three months. 0.18% of the stock is 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.