First Merchants Corp Sells 1,994 Shares of Procter & Gamble Company (The) $PG

First Merchants Corp cut its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,635 shares of the company's stock after selling 1,994 shares during the period. First Merchants Corp's holdings in Procter & Gamble were worth $9,979,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the 1st quarter valued at $26,000. Signature Resources Capital Management LLC increased its position in shares of Procter & Gamble by 67.9% during the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock valued at $28,000 after purchasing an additional 72 shares during the last quarter. Quarry LP purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at $33,000. Mizuho Securities Co. Ltd. increased 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 valued at $34,000 after purchasing an additional 170 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new stake in shares of Procter & Gamble during the 2nd quarter valued at $37,000. 65.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PG shares. BNP Paribas Exane decreased their target price on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group decreased their target price on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a research report on Wednesday. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Berenberg Bank lifted their price objective on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a report on Wednesday, September 17th. Eleven investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.58.

Procter & Gamble Stock Down 1.2%

PG stock opened at $150.67 on Thursday. 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 has a market capitalization of $352.64 billion, a PE ratio of 23.14, a PEG ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a twelve month low of $149.91 and a twelve month high of $180.43. The stock has a 50-day simple moving average of $155.26 and a two-hundred day simple moving average of $159.72.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The business had revenue of $20.89 billion during 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 company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Insider Buying and Selling at Procter & Gamble

In other news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction dated 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 approximately $4,409,221.72. This trade represents a 31.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $1,548,952.23. Following the sale, the insider owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This trade represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by corporate insiders.

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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