NBC Securities Inc. Sells 5,188 Shares of Procter & Gamble Company (The) $PG

Key Points

• NBC Securities Inc. reduced its stake in Procter & Gamble by 8.7% in Q2, now holding 54,533 shares worth approximately $8.68 million.
• In its latest earnings report, Procter & Gamble exceeded analyst expectations with earnings of $1.48 EPS on revenues of $20.89 billion, marking a 1.7% increase from the previous year.
• The company announced a quarterly dividend of $1.0568 per share, resulting in an annual yield of 2.7%, with a payout ratio of 64.82%.

NBC Securities Inc. cut its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,533 shares of the company's stock after selling 5,188 shares during the quarter. Procter & Gamble accounts for about 0.7% of NBC Securities Inc.'s investment portfolio, making the stock its 14th largest holding. NBC Securities Inc.'s holdings in Procter & Gamble were worth $8,688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PG. Nova Wealth Management Inc. purchased a new position in shares of Procter & Gamble in the 1st quarter worth $26,000. Capital A Wealth Management LLC bought a new stake in shares of Procter & Gamble during the 4th quarter valued at about $31,000. Quarry LP purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at about $33,000. 10Elms LLP bought a new position in shares of Procter & Gamble in the 4th quarter worth approximately $34,000. Finally, Sunbeam Capital Management LLC bought a new stake in Procter & Gamble during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 65.77% of the company's stock.

Procter & Gamble Stock Performance

Shares of NYSE:PG opened at $158.02 on Monday. 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 Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a market capitalization of $369.85 billion, a PE ratio of 24.27, a P/E/G ratio of 4.17 and a beta of 0.36. The business's 50 day moving average price is $156.21 and its 200-day moving average price is $161.77.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping 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 net margin of 18.95% and a return on equity of 32.69%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities research analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were paid a dividend of $1.0568 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. Procter & Gamble's payout ratio is 64.82%.

Insider Activity

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the completion of the transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the transaction, the chief executive officer directly owned 27,295 shares of the company's stock, valued at $4,292,684.65. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PG shares. Barclays set a $164.00 target price on Procter & Gamble and gave the stock an "equal weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price target (down previously from $178.00) on shares of Procter & Gamble in a research note on Friday, July 25th. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price objective (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Wells Fargo & Company decreased their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, BNP Paribas restated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Procter & Gamble currently has an average rating of "Moderate Buy" and an average price target of $175.12.

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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