Procter & Gamble Company (The) $PG Shares Sold by Clarity Financial LLC

Key Points

• Clarity Financial LLC reduced its stake in Procter & Gamble by 15% in Q2, now holding 137,350 shares valued at approximately $21.88 million.
• Procter & Gamble reported $1.48 earnings per share for its last quarter, exceeding analysts' expectations, with a total revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568, reflecting a yield of 2.8%, and a payout ratio of approximately 65%.

Clarity Financial LLC decreased its holdings in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 15.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,350 shares of the company's stock after selling 24,156 shares during the quarter. Procter & Gamble accounts for about 2.4% of Clarity Financial LLC's holdings, making the stock its 17th largest holding. Clarity Financial LLC's holdings in Procter & Gamble were worth $21,883,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Procter & Gamble by 51.5% during the fourth quarter. Brighton Jones LLC now owns 40,068 shares of the company's stock valued at $6,717,000 after acquiring an additional 13,617 shares during the last quarter. Taylor Financial Group Inc. raised its holdings in shares of Procter & Gamble by 10.6% during the first quarter. Taylor Financial Group Inc. now owns 2,891 shares of the company's stock valued at $493,000 after acquiring an additional 277 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Procter & Gamble by 1,043.6% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,075 shares of the company's stock valued at $183,000 after acquiring an additional 981 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Procter & Gamble by 10.3% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 39,968 shares of the company's stock valued at $6,811,000 after acquiring an additional 3,737 shares during the last quarter. Finally, Apella Capital LLC raised its holdings in shares of Procter & Gamble by 23.8% during the first quarter. Apella Capital LLC now owns 14,462 shares of the company's stock valued at $2,347,000 after acquiring an additional 2,783 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Trading Down 0.4%

Shares of Procter & Gamble stock opened at $152.97 on Thursday. The firm has a market capitalization of $358.03 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 4.05 and a beta of 0.36. Procter & Gamble Company has a fifty-two week low of $149.91 and a fifty-two 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 stock has a 50 day moving average of $155.77 and a 200 day moving average of $160.29.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts predict that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were given a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

Insider Buying and Selling

In related news, CEO Jon R. Moeller sold 40,119 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 value of $6,309,515.13. Following the completion of the transaction, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. This represents a 11.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Shailesh Jejurikar sold 13,039 shares of Procter & Gamble stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total value of $2,050,643.53. Following the completion of the sale, the chief operating officer directly owned 28,036 shares of the company's stock, valued at $4,409,221.72. The trade was a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 120,181 shares of company stock valued at $18,918,012 in the last ninety days. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PG. JPMorgan Chase & Co. reissued a "neutral" rating and set a $170.00 target price (down previously from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Barclays dropped their price target on Procter & Gamble from $164.00 to $153.00 and set an "equal weight" rating for the company in a research report on Wednesday. Wells Fargo & Company dropped their price target on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday, September 25th. BNP Paribas Exane dropped their price target on Procter & Gamble from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Finally, Berenberg Bank upped their price target on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research report on Wednesday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $173.11.

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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