Jag Capital Management LLC Sells 2,871 Shares of Procter & Gamble Company (The) $PG

Key Points

• Jag Capital Management LLC reduced its shareholding in Procter & Gamble by 10.9%, selling 2,871 shares in the second quarter, which left them with a total of 23,384 shares valued at approximately $3.726 million.
• Procter & Gamble's stock has seen varied analyst ratings, with a consensus rating of "Moderate Buy" and a consensus price target of $172.21.
• Insider trading has occurred, with COO Shailesh Jejurikar selling 13,039 shares for over $2 million, representing a notable decrease in ownership.

Jag Capital Management LLC lessened its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,384 shares of the company's stock after selling 2,871 shares during the period. Jag Capital Management LLC's holdings in Procter & Gamble were worth $3,726,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC grew its holdings in shares of Procter & Gamble by 3.8% during the second quarter. Cornerstone Wealth Group LLC now owns 59,251 shares of the company's stock worth $9,440,000 after buying an additional 2,164 shares in the last quarter. Hudson Capital Management LLC grew its holdings in shares of Procter & Gamble by 1.7% during the second quarter. Hudson Capital Management LLC now owns 28,004 shares of the company's stock worth $4,462,000 after buying an additional 474 shares in the last quarter. NorthRock Partners LLC grew its holdings in shares of Procter & Gamble by 2.2% during the second quarter. NorthRock Partners LLC now owns 50,174 shares of the company's stock worth $7,994,000 after buying an additional 1,072 shares in the last quarter. Delaney Dennis R grew its stake in shares of Procter & Gamble by 1.2% during the 2nd quarter. Delaney Dennis R now owns 41,040 shares of the company's stock worth $6,538,000 after acquiring an additional 500 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Procter & Gamble by 0.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 202,617 shares of the company's stock worth $32,281,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors own 65.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PG shares. BNP Paribas reaffirmed an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Wells Fargo & Company decreased their target price 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. UBS Group decreased their price objective on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Finally, Barclays decreased their price objective on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a report on Wednesday, October 1st. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.21.

Procter & Gamble Stock Performance

Shares of PG opened at $147.54 on Tuesday. The firm has a 50-day moving average of $155.18 and a 200-day moving average of $159.27. Procter & Gamble Company has a one year low of $146.96 and a one year high of $180.43. The company has a market cap of $345.32 billion, a PE ratio of 22.66, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $20.79 billion. During the same quarter last year, the company posted $1.40 earnings per share. Procter & Gamble's quarterly 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. As a group, equities analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares of the company's stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $1,548,952.23. Following the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 149,763 shares of company stock worth $23,421,279 in the last three months. 0.20% of the stock is owned by company insiders.

About Procter & Gamble

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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