Procter & Gamble Company (The) $PG Shares Sold by Essex Financial Services Inc.

Key Points

• Essex Financial Services Inc. reduced its stake in Procter & Gamble by 4.6%, selling 2,985 shares to hold a total of 61,335 shares valued at approximately $9.77 million.
• Recent insider trading activity included CEO Sundar G. Raman selling 9,554 shares, resulting in an 18.57% decrease in his ownership of the company.
• Analysts have mixed ratings on Procter & Gamble, with an average target price of $173.78 and a moderate buy rating, while recent price targets have been adjusted downwards by some firms.

Essex Financial Services Inc. decreased its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,335 shares of the company's stock after selling 2,985 shares during the period. Essex Financial Services Inc.'s holdings in Procter & Gamble were worth $9,772,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in Procter & Gamble in the 1st quarter valued at approximately $26,000. Quarry LP acquired a new position in shares of Procter & Gamble during the first quarter valued at $33,000. Mizuho Securities Co. Ltd. raised its stake in shares of Procter & Gamble by 566.7% during the first quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after purchasing an additional 170 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in Procter & Gamble by 50.3% in the first quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after purchasing an additional 82 shares during the period. Finally, Morton Brown Family Wealth LLC grew its position in Procter & Gamble by 84.6% in the 1st quarter. Morton Brown Family Wealth LLC now owns 251 shares of the company's stock valued at $43,000 after buying an additional 115 shares in the last quarter. 65.77% of the stock is currently owned by institutional investors.

Insider Activity at Procter & Gamble

In other news, CEO Sundar G. Raman sold 9,554 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $158.16, for a total transaction of $1,511,060.64. Following the transaction, the chief executive officer directly owned 41,886 shares in the company, valued at $6,624,689.76. The trade was a 18.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ma. Fatima Francisco sold 9,100 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total value of $1,431,157.00. Following the sale, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PG has been the subject of several recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price objective (down from $178.00) on shares of Procter & Gamble in a report on Friday, July 25th. Wells Fargo & Company decreased their price target on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday. Barclays set a $164.00 price objective on Procter & Gamble and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Berenberg Bank raised their target price on Procter & Gamble from $152.00 to $154.00 and gave the company a "hold" rating in a research note on Wednesday, September 17th. Finally, BNP Paribas reiterated an "outperform" rating and issued a $177.00 price target on shares of Procter & Gamble in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average target price of $173.78.

Procter & Gamble Stock Down 0.2%

Shares of Procter & Gamble stock opened at $152.18 on Friday. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The company has a market cap of $356.17 billion, a P/E ratio of 23.38, a P/E/G ratio of 4.02 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. The stock has a 50-day moving average price of $156.05 and a 200 day moving average price of $160.74.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for 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%.The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, analysts expect that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, July 18th were given a $1.0568 dividend. The ex-dividend date was Friday, July 18th. This represents a $4.23 dividend on an annualized basis and a yield of 2.8%. 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.

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