Birmingham Capital Management Co. Inc. AL Sells 3,350 Shares of Procter & Gamble Company (The) $PG

Key Points

• Birmingham Capital Management Co. Inc. AL has reduced its holdings in Procter & Gamble by 7.2%, now owning 43,122 shares valued at approximately $7.35 million.
• CEO Jon R. Moeller and CFO Andre Schulten both sold shares of Procter & Gamble on August 19, marking significant decreases in their ownership stakes.
• Procter & Gamble reported $1.48 earnings per share for the last quarter, surpassing analysts' expectations and reflecting a year-over-year revenue increase of 1.7%.

Birmingham Capital Management Co. Inc. AL lowered its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 7.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,122 shares of the company's stock after selling 3,350 shares during the quarter. Procter & Gamble makes up about 2.8% of Birmingham Capital Management Co. Inc. AL's holdings, making the stock its 8th biggest position. Birmingham Capital Management Co. Inc. AL's holdings in Procter & Gamble were worth $7,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Unique Wealth LLC grew its holdings in shares of Procter & Gamble by 2.9% during the first quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after purchasing an additional 61 shares during the last quarter. Stableford Capital II LLC boosted its position in shares of Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock valued at $993,000 after purchasing an additional 61 shares during the period. Bernard Wealth Management Corp. increased its position in Procter & Gamble by 20.2% during the first quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the period. B & T Capital Management DBA Alpha Capital Management lifted its stake in Procter & Gamble by 2.3% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock valued at $476,000 after buying an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC boosted its holdings in shares of Procter & Gamble by 1.1% in the fourth quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock valued at $962,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Wells Fargo & Company reduced their target price on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. UBS Group set a $180.00 price target on Procter & Gamble and gave the stock a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 target price on Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $170.00 price target (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $175.12.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble 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 $2,050,643.53. Following the completion of the transaction, the chief operating officer directly owned 28,036 shares in the company, valued at $4,409,221.72. The trade was a 31.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gary A. Coombe sold 10,194 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total value of $1,612,283.04. Following the sale, the chief executive officer owned 34,978 shares in the company, valued at approximately $5,532,120.48. This trade represents a 22.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock worth $18,918,012 in the last three months. Company insiders own 0.20% of the company's stock.

Procter & Gamble Price Performance

PG stock traded down $0.61 during trading on Friday, reaching $158.02. 5,956,120 shares of the company were exchanged, compared to its average volume of 6,033,143. Procter & Gamble Company has a 52-week low of $149.91 and a 52-week high of $180.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The company has a market cap of $369.85 billion, a P/E ratio of 24.27, a PEG ratio of 4.19 and a beta of 0.36. The stock's 50 day moving average price is $156.21 and its 200 day moving average price is $161.84.

Procter & Gamble (NYSE:PG - Get Free Report) last announced its quarterly 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. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.79 billion. During the same quarter in the previous year, the company earned $1.40 EPS. The company's quarterly revenue 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, analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

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.