Procter & Gamble Company (The) $PG Shares Sold by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp reduced its stake in Procter & Gamble by 9.7%, selling 10,842 shares, while still maintaining holdings valued at $17.1 million.
• CEO Gary A. Coombe sold 10,194 shares, reducing their ownership by 22.57%, while another CEO insider sale represented a 25% decrease in position.
• Procter & Gamble reported quarterly earnings of $1.48 per share, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 1.7% to $20.89 billion.

Hancock Whitney Corp lowered its position in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 9.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 100,380 shares of the company's stock after selling 10,842 shares during the period. Hancock Whitney Corp's holdings in Procter & Gamble were worth $17,107,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in shares of Procter & Gamble in the fourth quarter valued at $31,000. Quarry LP acquired a new position in shares of Procter & Gamble in the first quarter valued at approximately $33,000. 10Elms LLP acquired a new stake in shares of Procter & Gamble during the fourth quarter worth $34,000. Sunbeam Capital Management LLC purchased a new position in Procter & Gamble during the 4th quarter worth $34,000. Finally, Mizuho Securities Co. Ltd. increased 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 worth $34,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 65.77% of the company's stock.

Insider Buying and Selling at Procter & Gamble

In other Procter & Gamble news, CEO Gary A. Coombe sold 10,194 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 34,978 shares of the company's stock, valued at $5,532,120.48. This trade represents a 22.57% decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $157.27, for a total transaction of $1,431,157.00. Following the completion of the transaction, the chief executive officer owned 27,295 shares of the company's stock, valued at approximately $4,292,684.65. This trade represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,181 shares of company stock worth $18,918,012. 0.18% of the stock is owned by company insiders.

Procter & Gamble Price Performance

Shares of NYSE PG opened at $158.02 on Thursday. The business has a 50-day moving average of $156.40 and a 200-day moving average of $162.34. The company has a market capitalization of $370.13 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 4.14 and a beta of 0.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.70 and a quick ratio of 0.49. Procter & Gamble Company has a 1-year low of $149.91 and a 1-year high of $180.43.

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, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. During the same period last year, the business earned $1.40 EPS. The business's 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. On average, equities analysts anticipate that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have commented on PG. BNP Paribas reissued an "outperform" rating and issued a $177.00 target price on shares of Procter & Gamble in a report on Friday, August 15th. UBS Group set a $180.00 target price on Procter & Gamble and gave the company a "buy" rating in a report on Wednesday, July 30th. Barclays set a $164.00 price objective on shares of Procter & Gamble and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on Procter & Gamble from $175.00 to $173.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Finally, Evercore ISI restated an "in-line" rating and issued a $170.00 price objective (down from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $175.12.

Procter & Gamble Company 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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