Procter & Gamble Company (The) $PG Stock Position Lessened by CX Institutional

Key Points

• CX Institutional reduced its stake in Procter & Gamble by 30.1%, owning 67,910 shares worth approximately $10.8 million after selling 29,240 shares in the second quarter.
• Insiders, including COO Shailesh Jejurikar, sold significant amounts of stock recently, with Jejurikar selling 13,039 shares for over $2 million, indicating a 31.74% decrease in holdings.
• Procter & Gamble recently reported a quarterly earnings per share (EPS) of $1.48, exceeding expectations, and announced a quarterly dividend of $1.0568 with a yield of 2.8%.

CX Institutional reduced its stake in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 30.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,910 shares of the company's stock after selling 29,240 shares during the quarter. CX Institutional's holdings in Procter & Gamble were worth $10,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nova Wealth Management Inc. bought a new position in Procter & Gamble during the first quarter valued at about $26,000. Quarry LP bought a new position in shares of Procter & Gamble in the first quarter valued at $33,000. Mizuho Securities Co. Ltd. lifted its position in shares of Procter & Gamble by 566.7% during the 1st quarter. Mizuho Securities Co. Ltd. now owns 200 shares of the company's stock valued at $34,000 after acquiring an additional 170 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of Procter & Gamble by 50.3% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 245 shares of the company's stock worth $42,000 after acquiring an additional 82 shares during the last quarter. Finally, Morton Brown Family Wealth LLC lifted its stake in Procter & Gamble by 84.6% during the first 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. Institutional investors own 65.77% of the company's stock.

Insider Activity

In related news, COO Shailesh Jejurikar sold 13,039 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 transaction of $2,050,643.53. Following the completion of the sale, the chief operating officer owned 28,036 shares in the company, valued at $4,409,221.72. This represents a 31.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Marc S. Pritchard sold 9,849 shares of Procter & Gamble 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 $1,548,952.23. Following the completion of the transaction, the insider directly owned 182,422 shares in the company, valued at approximately $28,689,507.94. This represents a 5.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 120,181 shares of company stock worth $18,918,012. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Barclays set a $164.00 price target on shares of Procter & Gamble and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Evercore ISI reaffirmed an "in-line" rating and issued a $170.00 price target (down from $190.00) on shares of Procter & Gamble in a research note on Monday, July 14th. Wells Fargo & Company reduced their price objective on Procter & Gamble from $173.00 to $170.00 and set an "overweight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $170.00 target price (down from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, BNP Paribas reiterated an "outperform" rating and set a $177.00 price target on shares of Procter & Gamble in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $173.78.

Procter & Gamble Price Performance

Shares of NYSE:PG opened at $152.18 on Friday. The stock has a market capitalization 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 business has a 50-day moving average of $156.05 and a two-hundred day moving average of $160.74. 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 current ratio of 0.70 and a quick ratio of 0.49.

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, beating analysts' consensus estimates of $1.42 by $0.06. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%.The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. During the same period last year, the business earned $1.40 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, equities research analysts predict that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, July 18th were issued 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 (DPR) is 64.98%.

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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