Procter & Gamble Company (The) $PG Shares Acquired by Perfromance Wealth Partners LLC

Key Points

• Perfromance Wealth Partners LLC increased its holdings in Procter & Gamble by 52.5%, acquiring an additional 1,803 shares during the second quarter, now totaling 5,239 shares valued at approximately $835,000.
• Procter & Gamble's stock recently opened at $147.54 and has a market capitalization of $345.32 billion, reflecting a 1.4% decrease in stock price.
• Insider selling has occurred, including COO Shailesh Jejurikar, who sold 3,986 shares at an average price of $152.23, resulting in a total sale of $606,788.78.

Perfromance Wealth Partners LLC increased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 52.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,239 shares of the company's stock after acquiring an additional 1,803 shares during the quarter. Perfromance Wealth Partners LLC's holdings in Procter & Gamble were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble during the 1st quarter valued at approximately $26,000. Signature Resources Capital Management LLC increased its stake in Procter & Gamble by 67.9% during the second quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after acquiring an additional 72 shares during the last quarter. Quarry LP purchased a new stake in Procter & Gamble in the first quarter valued at $33,000. Mizuho Securities Co. Ltd. grew its holdings in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock worth $34,000 after purchasing an additional 170 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of Procter & Gamble during the 2nd quarter worth about $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Shailesh Jejurikar sold 3,986 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $152.23, for a total value of $606,788.78. Following the sale, the chief operating officer owned 46,899 shares of the company's stock, valued at $7,139,434.77. This trade represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Balaji Purushothaman sold 490 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $152.23, for a total transaction of $74,592.70. Following the transaction, the insider owned 12,616 shares of the company's stock, valued at $1,920,533.68. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 149,763 shares of company stock valued at $23,421,279. 0.20% of the stock is owned by corporate insiders.

Procter & Gamble Stock Down 1.4%

Procter & Gamble stock opened at $147.54 on Tuesday. The firm has a market capitalization of $345.32 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.97 and a beta of 0.36. 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 Company has a twelve month low of $146.96 and a twelve month high of $180.43. The stock's fifty day simple moving average is $155.18 and its 200-day simple moving average is $159.27.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 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 analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.Procter & Gamble's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, equities analysts expect that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PG shares. Wells Fargo & Company dropped their price target on shares of Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. Bank of America dropped their target price on shares of Procter & Gamble from $180.00 to $174.00 and set a "buy" rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Procter & Gamble in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Barclays cut their price objective on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 1st. Eleven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Procter & Gamble has an average rating of "Moderate Buy" and a consensus price target of $172.21.

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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