Procter & Gamble Company (The) $PG Shares Sold by Clough Capital Partners L P

Key Points

• Clough Capital Partners L P reduced its holdings in Procter & Gamble Company by 55.3% in the first quarter, owning 24,400 shares post-sale, valued at around $4.16 million.
• CEO Jon R. Moeller and COO Shailesh Jejurikar both sold shares of the company on August 19th, with Moeller's sale totaling over $6.3 million and Jejurikar's around $2.05 million, leading to significant reductions in their respective ownership stakes.
• The company recently announced a quarterly dividend of $1.0568, resulting in a 2.7% dividend yield, while maintaining a dividend payout ratio of approximately 64.98%.

Clough Capital Partners L P trimmed its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 55.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,400 shares of the company's stock after selling 30,200 shares during the quarter. Clough Capital Partners L P's holdings in Procter & Gamble were worth $4,158,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PG. Northern Trust Corp increased its stake in Procter & Gamble by 0.8% during the first quarter. Northern Trust Corp now owns 29,644,000 shares of the company's stock worth $5,051,930,000 after purchasing an additional 248,792 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Procter & Gamble by 13.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,480,670 shares of the company's stock valued at $3,660,737,000 after buying an additional 2,466,308 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Procter & Gamble by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 17,405,539 shares of the company's stock worth $2,966,252,000 after purchasing an additional 583,629 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Procter & Gamble by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,090,898 shares of the company's stock valued at $2,911,989,000 after buying an additional 208,991 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Procter & Gamble by 7.0% during the first quarter. Ameriprise Financial Inc. now owns 16,325,813 shares of the company's stock worth $2,782,467,000 after purchasing an additional 1,062,103 shares in the last quarter. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Activity

In other news, CEO Jon R. Moeller sold 40,119 shares of the business's 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 $6,309,515.13. Following the sale, the chief executive officer directly owned 319,375 shares in the company, valued at approximately $50,228,106.25. The trade was a 11.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shailesh Jejurikar sold 13,039 shares of the company's stock in a transaction that occurred 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 owned 28,036 shares in the company, valued at approximately $4,409,221.72. This represents a 31.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,181 shares of company stock valued at $18,761,172. Corporate insiders own 0.18% of the company's stock.

Procter & Gamble Trading Down 0.8%

Shares of NYSE PG opened at $155.63 on Friday. The stock's 50 day simple moving average is $156.59 and its 200 day simple moving average is $162.63. Procter & Gamble Company has a 12-month low of $149.91 and a 12-month high of $180.43. The company has a market cap of $364.54 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 4.14 and a beta of 0.37. 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 posted its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Equities research analysts expect that Procter & Gamble Company will post 6.91 EPS for the current year.

Procter & Gamble Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, July 18th. Procter & Gamble's dividend payout ratio (DPR) is presently 64.98%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PG. UBS Group set a $180.00 price objective on shares of Procter & Gamble and gave the company a "buy" rating in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Piper Sandler raised their price target on Procter & Gamble from $160.00 to $164.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Evercore ISI reiterated an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a report on Monday, July 14th. Finally, Redburn Atlantic lowered Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price target on the stock. in a research note on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $175.12.

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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