Moran Wealth Management LLC Takes $6.42 Million Position in Procter & Gamble Company (The) $PG

Key Points

• Moran Wealth Management LLC acquired a new stake in Procter & Gamble valued at approximately $6.42 million, purchasing 40,315 shares during the second quarter.
• Analysts have been adjusting their price targets for Procter & Gamble, with Bank of America lowering its target from $180.00 to $174.00 while maintaining a "buy" rating.
• Insider trading activity saw COO Shailesh Jejurikar sell 3,986 shares at $152.23, indicating a 7.83% decrease in his ownership, while insiders have sold a total of 149,763 shares valued at over $23 million in the last three months.

Moran Wealth Management LLC acquired a new stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,315 shares of the company's stock, valued at approximately $6,423,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC increased its stake in Procter & Gamble by 51.5% in the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after purchasing an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. increased its stake in Procter & Gamble by 10.6% in the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after purchasing an additional 277 shares during the last quarter. GAMMA Investing LLC increased its stake in Procter & Gamble by 22.4% in the first quarter. GAMMA Investing LLC now owns 46,658 shares of the company's stock valued at $7,951,000 after purchasing an additional 8,537 shares during the last quarter. Grimes & Company Inc. increased its stake in Procter & Gamble by 0.4% in the first quarter. Grimes & Company Inc. now owns 33,285 shares of the company's stock valued at $5,672,000 after purchasing an additional 134 shares during the last quarter. Finally, Grove Bank & Trust increased its stake in Procter & Gamble by 10.8% in the first quarter. Grove Bank & Trust now owns 16,876 shares of the company's stock valued at $2,876,000 after purchasing an additional 1,648 shares during the last quarter. 65.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America dropped their target price on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research note on Friday, October 10th. UBS Group dropped their price target on Procter & Gamble from $180.00 to $176.00 and set a "buy" rating for the company in a research note on Wednesday, October 8th. Berenberg Bank upped their price target on Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research note on Wednesday, September 17th. Finally, BNP Paribas restated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a research note on Friday, August 15th. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Procter & Gamble presently has an average rating of "Moderate Buy" and an average target price of $172.21.

Insider Buying and Selling

In other news, insider Susan Street Whaley sold 2,408 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $366,569.84. Following the completion of the sale, the insider owned 31,770 shares of the company's stock, valued at $4,836,347.10. This represents a 7.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Shailesh Jejurikar sold 3,986 shares of the company's stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total value of $606,788.78. Following the completion of the sale, the chief operating officer directly owned 46,899 shares of the company's stock, valued at $7,139,434.77. The trade was a 7.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by insiders.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $149.18 on Wednesday. Procter & Gamble Company has a 1-year low of $146.96 and a 1-year high of $180.43. The business has a 50-day moving average of $155.15 and a 200-day moving average of $159.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. The company has a market capitalization of $349.15 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 3.91 and a beta of 0.36.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company'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, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

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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