Octavia Wealth Advisors LLC Sells 10,545 Shares of Procter & Gamble Company (The) $PG

Key Points

• Octavia Wealth Advisors reduced its Procter & Gamble stake by 14.8%, selling 10,545 shares and leaving it with 60,604 shares worth $8.685 million (about 0.8% of Octavia's portfolio and its 25th largest holding).
• Insider selling has been heavy: CEO Gary A. Coombe sold 36,093 shares (avg. $162.33) and insiders sold 348,618 shares in the last 90 days, leaving insiders with just 0.20% ownership.
• Market and analyst backdrop: several firms have trimmed price targets recently even as the consensus rating remains a "Moderate Buy" with a $163.89 target; PG opened at $143.66 and is trading below its 50- and 200-day moving averages.

Octavia Wealth Advisors LLC lessened its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 14.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,604 shares of the company's stock after selling 10,545 shares during the period. Procter & Gamble comprises approximately 0.8% of Octavia Wealth Advisors LLC's investment portfolio, making the stock its 25th biggest holding. Octavia Wealth Advisors LLC's holdings in Procter & Gamble were worth $8,685,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PG. Assenagon Asset Management S.A. raised its stake in shares of Procter & Gamble by 100.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,460,939 shares of the company's stock valued at $782,607,000 after acquiring an additional 2,741,924 shares in the last quarter. Amundi increased its holdings in Procter & Gamble by 26.3% during the third quarter. Amundi now owns 10,682,455 shares of the company's stock valued at $1,606,748,000 after buying an additional 2,222,560 shares during the period. Franklin Resources Inc. increased its holdings in Procter & Gamble by 8.3% during the third quarter. Franklin Resources Inc. now owns 22,850,345 shares of the company's stock valued at $3,510,955,000 after buying an additional 1,752,481 shares during the period. Danske Bank A S purchased a new position in Procter & Gamble during the third quarter valued at approximately $252,853,000. Finally, Vanguard Group Inc. increased its holdings in Procter & Gamble by 0.6% during the third quarter. Vanguard Group Inc. now owns 234,630,605 shares of the company's stock valued at $36,050,992,000 after buying an additional 1,419,322 shares during the period. Institutional investors own 65.77% of the company's stock.

Insiders Place Their Bets

In other Procter & Gamble news, CEO Gary A. Coombe sold 36,093 shares of Procter & Gamble stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $162.33, for a total value of $5,858,976.69. Following the transaction, the chief executive officer directly owned 34,994 shares of the company's stock, valued at approximately $5,680,576.02. The trade was a 50.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Balaji Purushothaman sold 12,827 shares of Procter & Gamble stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $160.31, for a total transaction of $2,056,296.37. Following the completion of the transaction, the insider directly owned 12,639 shares in the company, valued at $2,026,158.09. This represents a 50.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 348,618 shares of company stock valued at $55,462,643. 0.20% of the stock is currently owned by company insiders.

Key Procter & Gamble News

Here are the key news stories impacting Procter & Gamble this week:

• Positive Sentiment: PG is named among "15 Best Blue Chip Stocks to Buy Now," highlighting its durable brand portfolio and defensive qualities that attract income-oriented investors. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Positive Sentiment: Macro/flow factor: commentary about a "great rotation" out of high-volatility AI names into steady dividend payers supports demand for large consumer staples like PG. The "Great Rotation" Out of Artificial Intelligence (AI) Stocks Has Arrived.
• Neutral Sentiment: Industry leadership changes at peers (Conagra naming a new CEO) are being watched by investors for demand trends in consumer foods, but this is background rather than a direct PG-specific catalyst. Conagra Hires John Brase to Replace Sean Connolly as President, CEO
• Negative Sentiment: Analyst downside: a recent note trimmed PG's price target by $5 even as the analyst kept an Overweight rating — this tends to weigh on near-term sentiment. The Procter & Gamble Company (PG) Price Target Cut by $5, ‘Overweight’ Rating Maintained
• Negative Sentiment: Bank of America trimmed its price target on PG to $167, signaling some analyst caution on near-term upside and contributing to selling pressure. Bank of America Cuts Procter & Gamble NYSE: PG Price Target to $167.00
• Negative Sentiment: Regulatory/quality risk: a Texas probe into PFAS in consumer products (reported around other apparel and food names) has drawn investor attention to similar product-marketing and ingredient issues at large consumer companies, including PG — an added near-term headwind for sentiment. Lululemon Stock Falls After Texas Opens PFAS Investigation Into Apparel
• Negative Sentiment: Short-term performance: coverage noted PG underperformed peers on Monday, reinforcing the view that the stock is losing some momentum amid the items above. Procter & Gamble Co. stock underperforms Monday when compared to competitors

Procter & Gamble Price Performance

NYSE PG opened at $143.66 on Tuesday. The firm's fifty day simple moving average is $152.85 and its two-hundred day simple moving average is $149.15. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 12-month low of $137.62 and a 12-month high of $171.65. The firm has a market capitalization of $333.87 billion, a P/E ratio of 21.28, a P/E/G ratio of 5.11 and a beta of 0.41.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Friday, January 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.02. Procter & Gamble had a net margin of 19.30% and a return on equity of 32.21%. The business had revenue of $22.21 billion for the quarter, compared to analyst estimates of $22.36 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Analysts Set New Price Targets

PG has been the topic of several research reports. Piper Sandler cut their price objective on shares of Procter & Gamble from $150.00 to $142.00 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. Barclays set a $155.00 price objective on shares of Procter & Gamble in a report on Friday, January 16th. The Goldman Sachs Group cut their price objective on shares of Procter & Gamble from $159.00 to $155.00 and set a "neutral" rating on the stock in a report on Wednesday, April 8th. Wells Fargo & Company cut their price objective on shares of Procter & Gamble from $177.00 to $158.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Finally, Jefferies Financial Group raised shares of Procter & Gamble from a "hold" rating to a "buy" rating and lifted their price objective for the company from $156.00 to $179.00 in a report on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.89.

Procter & Gamble Company Profile

Procter & Gamble NYSE: PG is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world's largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.

P&G's product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

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