MGO One Seven LLC Sells 2,123 Shares of Procter & Gamble Company (The) $PG

Key Points

• MGO One Seven LLC reduced its holdings in Procter & Gamble by 2.3%, selling 2,123 shares during the second quarter, leaving them with 91,086 shares valued at approximately $14.5 million.
• Insider trades have shown notable activity, with CEO Jon R. Moeller selling 11,684 shares for about $1.78 million, reducing his ownership by 3.52%.
• Procter & Gamble reported a one-year stock performance with a high of $180.43 and a low of $149.45, currently trading around $149.69.

MGO One Seven LLC lessened its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,086 shares of the company's stock after selling 2,123 shares during the quarter. MGO One Seven LLC's holdings in Procter & Gamble were worth $14,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PG. Nova Wealth Management Inc. bought a new position in Procter & Gamble in the 1st quarter worth $26,000. Signature Resources Capital Management LLC raised its stake in Procter & Gamble by 67.9% in the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after buying an additional 72 shares in the last quarter. Quarry LP bought a new position in Procter & Gamble in the first quarter worth about $33,000. Mizuho Securities Co. Ltd. raised its stake in Procter & Gamble by 566.7% in the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after buying an additional 170 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Procter & Gamble in the second quarter worth about $37,000. Institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In related news, insider Balaji Purushothaman sold 490 shares of the stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $74,592.70. Following the sale, the insider directly owned 12,616 shares of the company's stock, valued at $1,920,533.68. This trade represents a 3.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jon R. Moeller sold 11,684 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $1,778,655.32. Following the sale, the chief executive officer directly owned 319,932 shares in the company, valued at $48,703,248.36. This trade represents a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,763 shares of company stock worth $23,421,279. Insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

Shares of PG stock opened at $149.69 on Monday. The company's 50-day moving average is $155.24 and its 200 day moving average is $159.41. Procter & Gamble Company has a one year low of $149.45 and a one year high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market capitalization of $350.34 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 3.97 and a beta of 0.36.

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, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $1.40 earnings per share. The business's revenue for the quarter was up 1.7% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PG. 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. BNP Paribas reiterated an "outperform" rating and issued a $177.00 price objective on shares of Procter & Gamble in a report on Friday, August 15th. Wells Fargo & Company decreased their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. reduced their target price on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, BNP Paribas Exane reduced their target price on shares of Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 23rd. Eleven 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 an average rating of "Moderate Buy" and a consensus target price of $172.21.

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.

Want to see what other hedge funds are holding PG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Procter & Gamble Company (The) (NYSE:PG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.