Procter & Gamble Company (The) $PG Shares Acquired by Legacy Private Trust Co.

Key Points

• Legacy Private Trust Co. increased its shareholding in Procter & Gamble by 11.8% during the second quarter, now owning a total of 20,771 shares valued at approximately $3.31 million.
• Procter & Gamble's CEO Sundar G. Raman sold 9,554 shares for over $1.5 million, representing an 18.57% decrease in his ownership.
• Procter & Gamble recently reported quarterly earnings of $1.48 EPS, surpassing expectations with a revenue of $20.89 billion, indicating a 1.7% year-over-year increase.

Legacy Private Trust Co. increased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,771 shares of the company's stock after buying an additional 2,194 shares during the period. Legacy Private Trust Co.'s holdings in Procter & Gamble were worth $3,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in PG. S.E.E.D. Planning Group LLC grew its stake in shares of Procter & Gamble by 12.3% in the second quarter. S.E.E.D. Planning Group LLC now owns 2,429 shares of the company's stock worth $387,000 after acquiring an additional 266 shares in the last quarter. Mirabaud & Cie SA grew its stake in Procter & Gamble by 8.7% during the 2nd quarter. Mirabaud & Cie SA now owns 54,311 shares of the company's stock worth $8,653,000 after purchasing an additional 4,348 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in Procter & Gamble by 14.1% during the 2nd quarter. Gallacher Capital Management LLC now owns 4,643 shares of the company's stock worth $740,000 after purchasing an additional 573 shares during the period. Accelerate Investment Advisors LLC raised its position in Procter & Gamble by 10.0% in the 2nd quarter. Accelerate Investment Advisors LLC now owns 1,629 shares of the company's stock valued at $260,000 after purchasing an additional 148 shares in the last quarter. Finally, Wesbanco Bank Inc. boosted its stake in shares of Procter & Gamble by 5.5% in the 2nd quarter. Wesbanco Bank Inc. now owns 268,416 shares of the company's stock valued at $42,764,000 after buying an additional 14,025 shares during the period. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Sundar G. Raman sold 9,554 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total value of $1,511,060.64. Following the sale, the chief executive officer owned 41,886 shares of the company's stock, valued at approximately $6,624,689.76. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $158.16, for a total transaction of $1,612,283.04. Following the transaction, the chief executive officer directly owned 34,978 shares of the company's stock, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,181 shares of company stock worth $18,918,012. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PG. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. BNP Paribas reissued an "outperform" rating and set a $177.00 target price on shares of Procter & Gamble in a research report on Friday, August 15th. UBS Group set a $180.00 price target on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company reduced their price objective on shares of 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, Evercore ISI restated an "in-line" rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $175.12.

Procter & Gamble Stock Performance

Shares of PG opened at $158.02 on Monday. The company's 50 day simple moving average is $156.21 and its 200-day simple moving average is $161.77. The firm has a market cap of $369.85 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 4.17 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. The company has a current ratio of 0.70, a quick ratio of 0.49 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.79 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. Procter & Gamble'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. As a group, equities analysts predict that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued 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 currently 64.82%.

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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