Narwhal Capital Management Sells 2,014 Shares of Procter & Gamble Company (The) $PG

Key Points

• Narwhal Capital Management sold 2,014 shares of Procter & Gamble, reducing its position by 2% but still holding 99,985 shares valued at approximately $15.93 million.
• Several institutional investors, including Dohj LLC and TI Trust Inc., increased their stakes in Procter & Gamble during the same quarter, indicating ongoing interest in the company's stock.
• Procter & Gamble reported a 1.7% increase in quarterly revenue year-over-year, surpassing analyst estimates, and is projected to have earnings per share of 6.91 for the current fiscal year.

Narwhal Capital Management decreased its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 99,985 shares of the company's stock after selling 2,014 shares during the period. Procter & Gamble comprises approximately 1.3% of Narwhal Capital Management's portfolio, making the stock its 19th biggest holding. Narwhal Capital Management's holdings in Procter & Gamble were worth $15,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dohj LLC grew its holdings in shares of Procter & Gamble by 44.1% in the second quarter. Dohj LLC now owns 12,401 shares of the company's stock worth $2,055,000 after purchasing an additional 3,797 shares during the last quarter. TI Trust Inc. lifted its stake in Procter & Gamble by 7.1% in the second quarter. TI Trust Inc. now owns 4,460 shares of the company's stock worth $711,000 after acquiring an additional 297 shares during the period. Valmark Advisers Inc. lifted its stake in Procter & Gamble by 1.5% in the second quarter. Valmark Advisers Inc. now owns 63,766 shares of the company's stock worth $10,159,000 after acquiring an additional 923 shares during the period. WESPAC Advisors LLC lifted its stake in Procter & Gamble by 2.0% in the second quarter. WESPAC Advisors LLC now owns 4,156 shares of the company's stock worth $662,000 after acquiring an additional 82 shares during the period. Finally, Hall Capital Management Co. Inc. lifted its stake in Procter & Gamble by 2.8% in the second quarter. Hall Capital Management Co. Inc. now owns 14,497 shares of the company's stock worth $2,310,000 after acquiring an additional 395 shares during the period. Institutional investors own 65.77% of the company's stock.

Insider Transactions at Procter & Gamble

In other news, CFO Andre Schulten sold 11,638 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 value of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at $8,279,007.34. The trade was a 18.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Marc S. Pritchard sold 9,849 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 value of $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares of the company's stock, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,763 shares of company stock worth $23,421,279 over the last quarter. Corporate insiders own 0.20% of the company's stock.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $150.67 on Thursday. The business has a fifty day simple moving average of $155.26 and a two-hundred day simple moving average of $159.72. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $352.64 billion, a P/E ratio of 23.14, a P/E/G ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a 12 month low of $149.91 and a 12 month high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm 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%.Procter & Gamble'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 forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on PG shares. Berenberg Bank raised 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. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a research note on Wednesday. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 price objective (down previously 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 Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Eleven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $172.58.

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.

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