Procter & Gamble Company (The) $PG Shares Sold by GLOBALT Investments LLC GA

Key Points

• GLOBALT Investments LLC reduced its stake in Procter & Gamble by 6.4%, holding 39,948 shares valued at approximately $6.37 million after selling 2,711 shares in the second quarter.
• Insiders, including CFO Andre Schulten and COO Shailesh Jejurikar, sold a combined total of 24,677 shares in August, indicating a significant decrease of 18.11% and 31.74% in their respective ownership stakes.
• Procter & Gamble recently declared a quarterly dividend of $1.0568, scheduled for payment on November 17th, providing a current annualized yield of 2.8% and a payout ratio of 64.82%.

GLOBALT Investments LLC GA decreased its position in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,948 shares of the company's stock after selling 2,711 shares during the quarter. GLOBALT Investments LLC GA's holdings in Procter & Gamble were worth $6,365,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in PG. Nova Wealth Management Inc. purchased a new stake in shares of Procter & Gamble in the first quarter valued at approximately $26,000. Signature Resources Capital Management LLC increased its holdings in Procter & Gamble by 67.9% in the 2nd quarter. Signature Resources Capital Management LLC now owns 178 shares of the company's stock worth $28,000 after acquiring an additional 72 shares in the last quarter. Quarry LP acquired a new position in Procter & Gamble during the first quarter worth $33,000. Mid American Wealth Advisory Group Inc. purchased a new position in Procter & Gamble during the second quarter valued at $34,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the second quarter valued at about $37,000. 65.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Procter & Gamble

In related news, CFO Andre Schulten sold 11,638 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $157.27, for a total transaction of $1,830,308.26. Following the completion of the transaction, the chief financial officer owned 52,642 shares of the company's stock, valued at approximately $8,279,007.34. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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. In the last 90 days, insiders sold 149,763 shares of company stock worth $23,421,279. 0.20% of the stock is owned by company insiders.

Procter & Gamble Price Performance

PG stock opened at $152.20 on Friday. Procter & Gamble Company has a 52-week low of $146.96 and a 52-week high of $180.43. The business has a fifty day moving average of $154.69 and a two-hundred day moving average of $158.44. The stock has a market cap of $356.22 billion, a price-to-earnings ratio of 23.38, a price-to-earnings-growth ratio of 4.04 and a beta of 0.36. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49.

Procter & Gamble (NYSE:PG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The business 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%.The company's revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.40 EPS. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. As a group, research analysts anticipate that Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 24th will be paid a $1.0568 dividend. This represents a $4.23 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th. Procter & Gamble's payout ratio is 64.82%.

Analyst Ratings Changes

A number of brokerages have weighed in on PG. Bank of America decreased their price objective on Procter & Gamble from $180.00 to $174.00 and set a "buy" rating on the stock in a report on Wednesday, October 8th. Berenberg Bank boosted their price target on shares of Procter & Gamble from $152.00 to $154.00 and gave the stock a "hold" rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $170.00 to $163.00 and set a "neutral" rating for the company in a report on Friday, October 10th. Raymond James Financial decreased their target price on shares of Procter & Gamble from $185.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Procter & Gamble in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.68.

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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